| Khazanah Nasional's recovery plan for Malaysia Airlines (MAS) may be the start of the new beginning for the airline, says RHB Research. It said on Tuesday the plan raised key concerns which had always weighed on MAS' performance while showing the commitment of the related parties to revive the airline.
"Effective execution is key. We advise minority shareholders to accept the 27 sen offer price from Khazanah. Maintain Neutral," said the research house. Khazanah's revamp plan for MAS involved a RM4.6bil capital injection (after privatisation), ii) a 30% cut in workforce, and iii) review of routes and renegotiation of supply contracts...............................................Full Article: Source
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