MAS to be de-listed in $429 million buyout

Malaysian Airline System (MAS) will be de-listed after sovereign wealth fund Khazanah Nasional Bhd. offered to buy out minority shareholders in a restructuring plan mandated by the consequences of the MH370 and MH17 disasters, and intensifying competition from the region’s LCC sector.Khazanah’s offer stated it will pay MYR0.27 per share for a total of MYR1.38 bn (US$429 million) to buy the remaining 30.6% of shares it does not possess. The airline will need “substantial funding requirements” for the next few years to sustain operations, it said.Khazanah also stated: “The proposed restructuring will critically require all parties to work closely together