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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Khazanah hopes govt enacts MAS Act early next year

Posted on 30 September 2014

Khazanah Nasional Bhd hopes the government will enact the “MAS Act” early next year, before MAS NewCo is set up in the middle of next year. According to the RM6 billion recovery plan for MAS, its shares will be delisted from Bursa Malaysia by year-end and a new company (Newco) will be created to carry on the airline’s business.
To facilitate the restructuring of the national carrier in a comprehensive, timely and holistic manner, the government will table a new law in Parliament called the MAS Act. Managing Director Tan Sri Azman Mokhtar said the act is an important enabling act, which the Prime Minister is expected to table in Parliament next week……………………………………….Full Article: Source


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