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MAS-AirAsia share swap

Greetings from Khazanah: Fly AirAsia fly

Updated 06-09-2011 @ 11:30 pm: It was a known fact that MAS set up Firefly to provide an alternative to AirAsia and AirAsia X Sdn Bhd previously known as Fly Asian Express Sdn Bhd aka as FAX. Remember in 2006/2007 FAX snatched Rural Air Services (RAS) from MAS during Tun Abdullah Badawi’s administration and received … Read more

Perutusan Hari Raya Kpd Khazanah & YB Tan Sri Nor Yacob

Di bawah adalah komen yang telah saya terima dari seorang pembaca blog, Sdr Ahmad Fathi Shah, yang saya hormati dan saya berharap sdr tidak akan membantah sekiranya saya berkongsi komen  sdr sebagai satu artikel di dalam blog saya.

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Khazanah: AirAsia X Sdn Bhd is a 31.7% foreign owned company with a recorded loss of RM89.935 millions!

Perhaps on 8-8-2011, when Khazanah Nasional Bhd thumb printed its intention to purchase 10% of AirAsia X Sdn Bhd, as part of its attempt to save MAS from imminent collapsed, and commissioned Morgan Stanley Investment Bank to do a valuation of AirAsia X Sdn Bhd, it was totally ignorant of the corporate structure of AirAsia X Sdn Bhd that:

a.  31.7 % of its shares are foreign owned; and

b.  sustained a loss of RM89, 835, 000-00 as recorded with the authority and etc.

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