GDA stands firm on RM11 offer for MAHB despite directors' rejection

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"MAHB’s prolonged underperformance both operationally and financially relative to peers suggests execution of its plans will remain a challenge, and MAHB does not have a credible track record of delivery on its promises,” it said.

It added that with its combined resources, and control of the board, and without the constraints of a public market listing, it will be able to expedite necessary capital investments and provide the requisite technical expertise to realise MAHB’s potential, to the benefit of all stakeholders.

"MAHB has also been losing significant ground in the ASEAN aviation market with market share falling from 20 per cent to 16 per cent throughout 2013 to 2023,” it said.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: EPF Privatisation MAHB /Business/Business News Aviation GDA Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 14:02:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 616 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24573455

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