(Kuala Lumpur, 20th) Malaysia Airports Holdings Berhad (AIRPORT, 5014, Main Board – Transportation & Logistics) is set to be officially delisted from Bursa Malaysia on February 25.
Trading of its shares was suspended today in preparation for the delisting, following the company’s acquisition and privatization by the GDA consortium.
On February 12, the GDA consortium—comprising Khazanah Nasional, the Employees Provident Fund (EPF), the Abu Dhabi Investment Authority (ADIA), and Global Infrastructure Partners (GIP) under BlackRock—secured 1.64 billion shares of Malaysia Airports, amounting to 98.68% of its total issued shares.
A day later, the consortium submitted an application to Bursa Malaysia for the delisting. Under Section 222 of the Capital Markets and Services Act 2007, they intend to compulsorily acquire all remaining shares at RM11 per share.
Meanwhile, during a parliamentary Q&A session today, Second Finance Minister Datuk Seri Amir Hamzah stated that the move to acquire all outstanding shares at RM11 per unit is part of the strategy to reposition Malaysia Airports for a future relisting at a potentially higher valuation.
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