Khazanah Promises Transparency On MAS Privatisation, Says MSWG

KELANA JAYA, Nov 6 (Bernama) -- Government investment arm, Khazanah Nasional Bhd, has promised to remain transparent on Malaysian Airline System Bhd's (MAS) restructuring process even after the airline's privatisation, Minority Shareholder Watchdog Group (MSWG) said.

General manager of corporate services, Lya Rahman, said long-time shareholders had voiced out their views and concern and Khazanah should take note of all this.

"Khazanah should be transparent all the way in whatever they do as this is national interest. Let Khazanah do their job and let's pray that it is a successful attempt after the previous attempt failed," she told reporters after MAS extraordinary general meeting here today.

On the balloting process, she said Khazanah's offer to acquire the remaining shares they did not owned at 27 sen, received strong approval from 93 per cent of the shareholders.

"I think shareholders know that they should accept this offer because if this thing does not go through, then they may not get anything at all," she said.

She said MSWG was also satisfied with the response from MAS on its questions and questions raised by the shareholders.

"They responded well," she said.

-- BERNAMA