Wednesday, 4 January 2012

MAS-Airasia warrant exchange gets SC nod

The Securities Commission (SC) has approved the proposed warrants exchange exercise between Malaysian Airline System Bhd
(MAS) and Airasia Bhd.

In a filing to Bursa Malaysia today, MAS said the SC approved the warrant exchange exercise under Section 212 (5) of the Capital Market and Services Act 2007 of Malaysia.

The approval is subject to the condition that the company must comply with the relevant requirements pertaining to the implementation of the proposal as stipulated under the SC's Equity Guidelines. -- Bernama




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