eh? Are we selling the national carrier as mention in this article by http://www.thestar.c...leong hung yee"
KUALA LUMPUR: Malaysian Airline System Bhd (MAS) should not be sold at a loss, says Minister in the Prime Minister's Department Datuk Seri Idris Jala.
The former managing director and CEO of MAS in December 2005, said on Tuesday there should not be a fire sale of the national carrier.
Idris, who is also head of Pemandu, said MAS should have been sold when he was there when the share price rose to about RM6.
MAS posted 10 consecutive quarterly profits during his tenure as the CEO between 2006 and 2008.
(The share price has since been adjusted following several corporate exercises including two rights issue).
Idris also said over time, the Malaysian Government should reduce a lot of its stakes.
Khazanah Nasional Bhd is the single largest shareholder in MAS with 69.37% or 11.59 billion shares while the Employees Provident Fund has a 1.04% or 174.21 million shares.