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Malaysia Airlines shares suspended

  • Published by Ozgur Tore

malaysia B738Malaysia Airlines suspended its shares from the country's stock exchange Monday under a government rescue plan for the flag carrier which is fighting for survival after losing two planes this year.

Under a plan announced in August, state investment fund Khazanah Nasional, which already owned around 70 percent of the carrier, is acquiring all remaining shares, de-listing the stock, and taking the company private to deal with its problems.

Malaysia Airlines has chalked up losses for years even before this year's disasters involving flights MH370 and MH17, in which a total of 537 lives were lost.
Source: AFP

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