Malaysia Airlines shares soar on nationalisation plan
Shares in the airline have plunged 40% over the previous nine months
Shares in Malaysia Airlines jumped more than 10 per cent today in response to plans to nationalise the troubled carrier which is on the verge of collapse after two plane disasters.
In the wake of the disappearance of flight MH370 and the shooting down of flight MH17, its biggest shareholder — Malaysia’s sovereign-wealth fund Khazanah — set out plans on Friday to delist the airline.
Khazanah (chaired by Malaysia’s prime minister, Najib Razak) offered 27 sen (5p) per share, and in response today the stock — in which trading was suspended on Friday — jumped as high as 26.5 sen.
Shares in the airline had plunged by 40% over the previous nine months, with analysts warning the company could run out of money as early as next year’s first quarter.
Khazanah — which already owns more than two-thirds of Malaysia Airlines — is set to announce further details of its delisting plan by the end of the month.
“We see the exercise as a good opportunity for shareholders to exit the stock,” Malaysian firm MIDF Investment Research told clients.
- 1 Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face death penalty
- 2 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 3 PornHub turns masturbation into energy in bid to save the planet
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 Spiritual leader allegedly manipulated 400 men into removing testicles to be 'closer to God'
Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face death penalty
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
PornHub turns masturbation into energy in bid to save the planet
Spiritual leader allegedly manipulated 400 men into removing testicles to be 'closer to God'
The 'sex selfie stick' lets you FaceTime the inside of a vagina
New theory could prove how life began and disprove God
End of the licence fee: BBC to back radical overhaul of how it is funded
This is what it's like to be dead, according to a guy who died for a bit
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
iJobs Money & Business
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£15000 - £16000 per annum: Recruitment Genius: A Customer Service Advisor is r...
£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...
£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...