New CEO Christoph Mueller's plans for troubled Malaysia Airlines - including a new brand, a smaller fleet and one third less staff - are widely seen as a promising blueprint for a fresh start.
Khazanah Nasional Bhd
Breaking News
The plan to save Malaysia Airlines (MAS) (MASM.KL) could succeed where past endeavours have failed because the government has finally put politics aside by agreeing to sweeping job cuts, people briefed on the restructuring told Reuters.
China Huarong Asset Management Co Ltd, the country's biggest bad-debt manager, said on Thursday regulators have approved a deal for it to sell a 20.98 percent stake to a consortium of eight investors for 14.5 billion yuan ($2.4 billion).
The following bids, mergers, acquisitions and disposals were reported on Thursday including Sigma Alimentos, Fastjet, Rostelecom, DNB, Caixabank, Cyfrowy Polsat, America Movil, Alitalia, Telecom Italia.
Khazanah, the Malaysian sovereign wealth fund has sold off part of its shareholdings in Tenaga Nasional Bhd.
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