Malaysia Airline System (MAS) shares rose as much as 10.4% on Monday after state fund Khazanah Nasional stated it will offer MYR0.27 per share for each share in MAS it does not already own, amounting to nearly MYR1.4 bn ($435 million), in order to fully privatize the airline as part of the government-mandated restructuring programme.
MAS shares were trading at MYR0.26 per share at 0101 GMT, 8.3% higher than the MYR0.24 when the stock was suspended on Friday.
Khazanah currently owns 69.37% of MAS, which is expected to announce its Q2 earnings on August 20th.
MAS shares rise 10% on announcement of Khazanah offer
