Posted by AnthonyAng666 > 2 weeks ago | Report Abuse

Thought is yesterday ...? https://www.nst.com.my/business/corporate/2024/11/1129336/mavcom-greenlights-mahb-privatisation-calls-feedback-decision-nov

Posted by Matterginn > 2 weeks ago | Report Abuse

Also, with KLIA2 set up as a reliable revenue stream and ongoing cost management, there’s potential here if everything goes as planned.
And if you’re looking at some travel options for upcoming trips, check out https://travelbusinessclass.com/ —they offer some solid flight deals that can add a little extra comfort to the journey.

Posted by Wong Yek Hon > 2 weeks ago | Report Abuse

erm, call for feedback on 6 Nov. but today already 8 Nov. so means approved liao, and wait for them the announce the details only?

Posted by hw0706 > 2 weeks ago | Report Abuse

MAVCOM has found that the anticipated merger by Gateway Development Alliance Sdn. Bhd., Pantai Panorama Sdn. Bhd., Kwasa Aktif Sdn. Bhd., and GIP Aurea Pte. Ltd. in relation to the proposed privatisation of Malaysia Airports Holdings Berhad would not infringe the prohibition in section 54 of the Malaysian Aviation Commission Act 2015.

The decision on the anticipated merger was made by MAVCOM on 8 November 2024.

Final Decision on the Voluntary Notification and Application of an Anticipated Merger by Gateway Development Alliance Sdn. Bhd., Pantai Panorama Sdn. Bhd., Kwasa Aktif Sdn. Bhd., and GIP Aurea Pte. Ltd. in relation to the Proposed Privatisation of Malaysia Airports Holdings Berhad

Posted by findfreedom > 2 weeks ago | Report Abuse

We wish to announce that the Company had on 8 November 2024, received a press release from AmInvestment Bank, on behalf of the Joint Offerors, informing the Company that the Malaysian Aviation Commission (“MAVCOM”) issued its final decision that the proposed transaction by the Joint Offerors pursuant to the Offer falls within the scope of subparagraph 54(2)(b) of the Malaysian Aviation Commission Act 2015 (“Act 771”) and if carried into effect, will not infringe the prohibition in Section 54 of Act 771.


The final decision is, however, subject to the Joint Offerors entering into a finalised, valid, and binding Shareholders’ Agreement, which contains their key obligations in the Shareholders’ Agreement Term Sheet dated 15 May 2024 and the second draft Shareholders’ Agreement received by MAVCOM on 24 October 2024, thereby ensuring that, post-merger, the Joint Offerors will not engage in commercial activities relating to aviation services that infringe the prohibitions under Act 771 (“MAVCOM Condition”).


Given that the final decision is subject to the MAVCOM Condition, the final Pre-Condition has not been fulfilled at this time. The Joint Offerors are currently working towards fulfillling the final Pre-Condition to undertake the Offer.


The Joint Offerors will make the relevant press release(s) as and when applicable.


Please refer to the attached press release for further details.


This announcement is dated 8 November 2024.

Posted by zeeyong82 > 2 weeks ago | Report Abuse

This document outlines the Malaysian Aviation Commission's decision regarding the proposed transaction, labeled as an "Anticipated Merger," involving Gateway Development Alliance Sdn Bhd, Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd, and GIP Aurea Pte Ltd. The primary points of the decision are:

Merger Scope: The merger aims to privatize Malaysia Airports Holdings Berhad, with the Applicants intending to acquire the remaining 67.01% of shares not currently held by them.
Commission Approval: The merger was voluntarily notified to the Commission, which, after review, determined that the merger would not infringe the prohibition stated in Section 54 of Act 771.
Shareholders' Agreement: The decision is conditional upon the finalization of a valid Shareholders' Agreement. This agreement ensures that post-merger, the Applicants will refrain from engaging in prohibited commercial aviation activities under Act 771.
Validity: The decision remains valid for one year, effective from 8 November 2024.
This summary clarifies the steps and conditions under which the proposed merger can proceed, with emphasis on compliance with aviation regulations.

Posted by zeeyong82 > 2 weeks ago | Report Abuse

根据马来西亚航空委员会的决定文件，关于由Gateway Development Alliance Sdn Bhd、Pantai Panorama Sdn Bhd、Kwasa Aktif Sdn Bhd 和 GIP Aurea Pte Ltd 提出的马来西亚机场控股公司（MAHB）的预期合并申请，文件总结了以下几点：

合并范围：该合并计划涉及私有化MAHB，申请方将收购剩余67.01%的未持有股份。
法律框架：经过委员会审查，依据《2015年马来西亚航空委员会法令》（Act 771），合并若生效将不会违反第54条禁止的规定。
合并条件：此决定依赖于申请方签订最终的有效股东协议，确保合并后不会从事任何违反该法令规定的商业航空服务活动。
决定有效期：该决定自2024年11月8日起生效，有效期为一年。
文件明确表示，申请方在完成合并后需要遵守相关的航空服务法律框架，确保不会对市场竞争产生不利影响。

Posted by zeeyong82 > 2 weeks ago | Report Abuse

This is the conclusion from the latest MAVCOM press release, which means it now reach the FINAL STEP which is require 90% shareholder agree to privatise MAHB.

Not long until we can reach RM11 target price, maybe within this month.

Thanks Anwar & Anthony Loke!

Posted by findfreedom > 1 week ago | Report Abuse

Refer to my previous post, it was posted by AIRPORT in BURSA website in the same day after market close.

Given that the final decision is subject to the MAVCOM Condition, the final Pre-Condition has not been fulfilled at this time. The Joint Offerors are currently working towards fulfillling the final Pre-Condition to undertake the Offer.

Posted by AnthonyAng666 > 1 week ago | Report Abuse

The Cabinet has approved the proposed RM442.30 million upgrade for the Kota Kinabalu International Airport (KKIA) by Malaysia Airports Holdings Berhad (MAHB), said Transport Minister Anthony Loke.

The project is fully funded by MAHB through a private financing initiative with no government guarantees involved 😮

https://www.malaymail.com/news/malaysia/2024/11/13/transport-minister-says-malaysias-second-busiest-airport-in-kota-kinabalu-has-cabinet-greenlight-for-rm4423m-upgrade/156754

Posted by zeeyong82 > 1 week ago | Report Abuse

Government: Let’s privatised airport with RM11 each share😁

Shareholders: Why privatized airport if airport can earn so much profit? I disagree on this privatisation bullshit…

Government: Ok. Now let’s use the company own money to upgrade airport facilities so that airport won’t earn so much profit in the near future😎

Shareholders: Fxxk!!!

Posted by hw0706 > 1 week ago | Report Abuse

Business getting tough to do. malaysia sooner or later investor will move away. Too many department or ministry get involve...sometime do not know which information or policy is correct especially the guideline.

Posted by findfreedom > 1 week ago | Report Abuse

We wish to announce that the Company had on 15 November 2024, received from AmInvestment Bank, on behalf of the Joint Offerors, a notice of conditional voluntary take-over offer informing the Board of the firm intention of the Joint Offerors to make the Offer in accordance with subparagraph 9.10(1) of the Rules (“Notice”).

The Board notes from the Notice that MAVCOM confirmed that it is satisfied that the MAVCOM Condition is met following its receipt and review of the executed finalised, valid and binding Shareholders’ Agreement by the Joint Offerors.

A copy of the Notice is attached herewith for your reference. The Notice will be despatched to all shareholders of the Company within seven (7) days from this announcement, in accordance with subparagraph 9.10(5)(b) of the Rules.

This announcement is dated 15 November 2024.

Posted by Kuli99 > 1 week ago | Report Abuse

I own a share as minority. What should I do after this announcement?

Posted by findfreedom > 1 week ago | Report Abuse

Wondering who is not minority here? :p I suppose the notice that going to send to us will have the info.

Posted by hw0706 > 1 week ago | Report Abuse

sell on monday

Posted by Wong Yek Hon > 1 day ago | Report Abuse

so what's next ya? we just have to patiently wait for the formal letter delivered to our mailbox ?

Posted by KingKKK > 4 hours ago | Report Abuse

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