Kuala Lumpur (AFP) – Struggling Malaysia Airlines suspended trading in its shares Friday ahead of an announcement later in the day on a restructuring plan aimed at keeping the carrier in business following two devastating air tragedies.State investment fund Khazanah Nasional, which owns 70 percent of Malaysia Airlines (MAS) and has announced plans to de-list and take it private, is expected to detail the reform plans in a press briefing at 3 pm (0700 GMT).In a statement to the Malaysian stock exchange, MAS said trading of its shares was halted pending an “announcement from Khazanah in relation to the details …read more
Source: Business Insider
