Posted by Junglestock > 2013-02-06 20:22 | Report Abuse

MALAYSIAN AIRLINE SYSTEM BERHAD (“MAS” OR “COMPANY”) (I) PROPOSED CAPITAL RESTRUCTURING COMPRISING:  PROPOSED REDUCTION OF RM0.90 OF THE PAR VALUE OF EACH EXISTING ORDINARY SHARE OF RM1.00 EACH IN MAS PURSUANT TO SECTION 64 OF THE COMPANIES ACT 1965 (“ACT”) (“PROPOSED PAR VALUE REDUCTION”); AND  PROPOSED REDUCTION OF THE SHARE PREMIUM ACCOUNT OF MAS PURSUANT TO SECTIONS 64 AND 60 OF THE ACT, (“PROPOSED CAPITAL RESTRUCTURING”); (II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM0.10 EACH IN MAS TO RAISE GROSS PROCEEDS OF UP TO RM3,100 MILLION AFTER THE PROPOSED CAPITAL RESTRUCTURING; AND (III) PROPOSED AMENDMENT TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF MAS TO FACILITATE THE IMPLEMENTATION OF THE PROPOSED PAR VALUE REDUCTION