Malaysia Airports Holdings Bhd to be Delisted from Bursa Malaysia
Successful Privatisation Exercise
Malaysia Airports Holdings Bhd (MAHB) will be officially delisted from Bursa Malaysia on February 25, following a successful privatisation exercise led by the Khazanah-EPF-led Gateway Development Alliance (GDA). This move marks a significant milestone in the company’s history, as it will be removed from the exchange’s official list at 9 am, in accordance with Paragraph 16.07(a) of the Main Market Listing Requirements.
Trading Suspended and Directors Resign
Trading of MAHB shares has been suspended today, and all five of its independent non-executive directors have resigned ahead of the delisting. This marks the end of an era for the company, which has been managed by the same team for many years.
Gateway Development Alliance’s Success
GDA, a consortium comprising Khazanah, EPF, the Abu Dhabi Investment Authority, and BlackRock-owned Global Infrastructure Partners, has succeeded in acquiring enough shares to delist and take MAHB private on January 28. This achievement is a testament to the strength of the consortium and its commitment to the privatisation exercise.
MAHB’s Operations
MAHB manages a total of 39 airports throughout Malaysia, including five international airports, 17 domestic airports, and 17 STOLports (short take-off and landing airports). The company is responsible for ensuring the smooth operation of these airports, providing a range of services to passengers, cargo, and airlines, and contributing to the country’s economic growth.
Conclusion
The delisting of MAHB marks a significant milestone in the company’s history, as it embarks on a new chapter under the ownership of GDA. This move is expected to bring about changes and improvements to the company’s operations, and it remains to be seen how this will impact the airport industry in Malaysia.
Frequently Asked Questions
- What is the effective date of MAHB’s delisting from Bursa Malaysia?
- February 25
- Who led the privatisation exercise that led to MAHB’s delisting?
- Khazanah-EPF-led Gateway Development Alliance (GDA)
- How many airports does MAHB manage in Malaysia?
- 39 airports, including 5 international airports, 17 domestic airports, and 17 STOLports