MAS submits capital restructuring plan

Victoria
By Victoria April 10, 2013 11:15

MAS submits capital restructuring plan

 

Malaysian Airline System’s (MAS) proposed capital restructuring has been approved by the High Court of Malaya at Kuala Lumpur. The restructuring comprises the proposed reduction of RM0.90 of the par value of each existing ordinary share of RM1.00 each in MAS and has proposed renounceable rights issue of new ordinary shares of RM0.10 each in MAS to raise gross proceeds of up to RM3,100 million after the proposed capital restructuring.

Victoria
By Victoria April 10, 2013 11:15
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