KELANA JAYA: Malaysia Airlines (MAS)'s final extraordinary general meeting (EGM) ended with 93 per cent of its minority shareholders voting for the 27 sen per share payout by Khazanah Nasional Bhd (Khazanah) to take the airline private.
"I am incredibly pleased with the results of today's EGM, as now we have a clear mandate from Khazanah going forward," said MAS chairman Tan Sri Md Nor Yusof at the conclusion of the EGM.
"The business plan for the new company is still currently being worked out and we have not yet decided on the new chief executive officer," he said.
In regards to the job cuts, Md Nor said that it is up to Khazanah now to decide when that will begin take place.
Earlier, Tan Sri Irwan Serigar, secretary general of the Ministry of Finance said that the 27 sen per share offered is at fair value and the shareholders should take it.
"What's being offered of 27 sen per share is fair value. It is much better for shareholders to accept this rather than to file for PN17," he told reporters.
"The government is taking steps to save MAS as it is the pride of the nation and Khazanah Nasional Bhd is injecting RM6 billion to enable it to make a comeback later on," he said.
