Malaysia Airports Holdings Bhd (MAHB) will be delisted from the Main Market of Bursa Malaysia as its minimum public shareholding spread falls below 25%. The airport operator was taken over by a consortium led by Gateway Development Alliance Sdn Bhd (GDA), which now holds 95.11% of MAHB shares. The consortium plans to delist MAHB and compulsorily acquire the remaining shares.
KUALA LUMPUR: Malaysia Airports Holdings Bhd will be delisted from the Main Market of Bursa Malaysia as its minimum public shareholding spread is now less than 25%.
Meanwhile, Gateway Development Alliance Sdn Bhd and its shareholders , in a statement, said they will now take the necessary steps to delist MAHB from the official list of Bursa Malaysia and the last day that MAHB shares will trade publicly is Feb 19. "GDA recognises that MAHB needs investment in its infrastructure and improvements in its operations to provide better services and support expansion, both of which will benefit wider Malaysia," it said.
DE LISTING MALAYSIA AIRPORTS TAKEOVER CONSOLIDATION INVESTMENT
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