MAS May Sell & Leaseback HQ in Kuala Lumpur

The Star - December 24, 2005

Malaysian Airlines System Bhd (MAS) may sell and leaseback it's 35 story headquarters building, Bangunan MAS, in Kuala Lumpur and other properties to address its financial needs as it tries to make a turnaround, a company spokesman said. The Government, through various state entities, owns about 92% of MAS, which includes a 69.3% stake held indirectly by state investment agency Khazanah Nasional Bhd. This option was considered during its widespread asset unbundling or WAU exercise in 2002, in which the building was to be sold and leased back to Assets Global Network Sdn Bhd, a subsidiary of Ministry of Finance Inc. Sphere: Related Content