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Malaysian Airlines plane flying

Malaysia Airlines halts trading



Uncover and learn about complex HR innovation tools and strategies at Accelerate HR from Thailand's largest employers including Agoda, DKSH, Fonterra, FWD, Kasikornbank, Minor Food, Nissan Motor and more.
Happening in Bangkok on 26-27 November, early-bird tickets are still available.

Malaysia Airlines has suspended trading ahead of an announcement.

A Bursa Malaysia Securities circular said the trading suspension was at the request of its major shareholder, Khazanah Nasional Bhd, which owns 69% of the firm, The Star reported.

Reuters also reported while MAS was not elaborating on the reasoning behind the halt, it plans to take the company private as the first step in a major restructure.

READ MORE: Malaysia Airlines union calls for CEO to resign

The airline, which was already in dire financial trouble, has been hit by two major tragedies which have hugely affected business.

In March, flight MH370 disappeared with 239 people on board after flying off course during a flight from Kuala Lumpur to Beijing. The investigation to find the aircraft is still ongoing.

Then in July, 298 people were killed when MH17 was shot down over Ukraine.

READ MORE: Malaysia Airlines staff “affected mentally” by double tragedy

Image: Shutterstock

 

 

 

 



Human Resources Online is heading to Bangkok with the Accelerate HR conference on November 26-27.
HR leaders from Agoda, DKSH, Fonterra, FWD, Kasikornbank, Minor Food, Nissan Motor and more have already confirmed to speak.
Early-bird tickets are still available.

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