PUTRAJAYA: The proposed privatisation of Malaysia Airports Holdings Bhd (MAHB) will boost the company’s efficiency through swift strategic decision-ma...
: The proposed privatisation of Malaysia Airports Holdings Bhd will boost the company’s efficiency through swift strategic decision-making and facilitate its way forward, said Transport Minister Anthony Loke.“It was Khazanah’s decision , not the ministry’s decision. It decided to take MAHB private from the share market. Of course, the ministry is aligned with what Khazanah has proposed.
On May 15, Gateway Development Alliance and its shareholders announced a pre-conditional voluntary offer to acquire all the shares in MAHB not yet owned by the consortium at an offer price of RM11.00 a share. The offer price of RM11.00 implies an equity value of RM18.4 billion, which translates to a price-to-earnings ratio of 37.7x MAHB’s audited consolidated earnings per share for the financial year ended Dec 31, 2023.
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