Barefoot Investor: Latest Update: MAS, AirAsia share trading halted for two days

Trading in the securities of MALAYSIAN AIRLINE SYSTEM BHD and AIRASIA BHD have been halted from 9am on Monday, Aug 8 to 5pm, Tuesday, Aug 9 at the request of the companies pending an announcement.

In separate announcements on Aug 8, CIMB Investment Bank Bhd on behalf of the two companies said they had requested for the suspension in the trading of their securities as the companies required time to prepare and release announcement relating to a material transaction.

The Edge Financial Daily reported this morning that a management committee comprising representation from all shareholders was expected to steer the direction of MAS following a proposed shareholding tie-up between the national carrier and AirAsia.(theedgemalaysia,com)


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