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    MASM   MYL3786OO000

MALAYSIAN AIRLINE SYSTEM BERHAD

(MASM)
End-of-day quote BURSA MALAYSIA  -  11:11:35 2023-02-04 am EST
- MYR    0.00%
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Malaysia Airlines shares suspended pending announcement

08/28/2014 | 09:08pm EST
An airport worker walks between Malaysia Airlines planes at Kuala Lumpur International Airport

KUALA LUMPUR (Reuters) - Shares in Malaysia Airlines (>> Malaysian Airline System Berhad) (MAS) will be suspended on Friday ahead of a material announcement.

KUALA LUMPUR (Reuters) - Shares in Malaysia Airlines (>> Malaysian Airline System Berhad) (MAS) will be suspended on Friday ahead of a material announcement.

MAS said its shares will be suspended from 9 a.m. local time (9 p.m. ET), confirming an earlier report by Reuters.

The share suspension comes ahead of the announcement of the airline's planned restructuring, which could include job cuts and a change in top management.

Khazanah Nasional, the airline's majority shareholder, will be holding a press conference on MAS at 3 p.m. local time(3 a.m. ET) on Friday.

MAS reported a net loss of 307.04 million ringgit ($97.27 million) in its second quarter and said its earnings in the second half will be hit by lower passenger bookings after the two jet disasters this year.

(Reporting by Al-Zaquan Amer Hamzah; Editing by Ryan Woo)


ę Reuters 2014
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