Bursa KL: Take drastic actions against the directors of MAS & Tune Air

Source: Wee Choo Keong

Prior to the inking of the secret MAS – AirAsia share swap and the “Collaborative Frameworks” agreements , both MAS and Tune Air Sdn Bhd did not make any announcement that they were negotiating for the secret MAS – AirAsia share swap. Both the directors of MAS and Tune Air Sdn Bhd’s are duty bound to disclose to Bursa KL about the said negotiations.
Bursa KL’s Disclosure Guide clearly state their duties as follows: 
Disclosure Guide Bursa KL Rule 9.03 (2) provides:
“An information is considered material if it is reasonably expected to have a material effect on the –
(a) price,value or market activity of any of its securities; or
(b) investors decision in determining his choice of action.”
Rules 1.11
Read the rest of the story after the jump

More dirt on MAS-Air Asia share swap

Air Asia getting a large chunk of Malaysia Airlines shareholding is making a lot of people upset, not least because they saw how Tony Fernandez screwed the Rural Air Service after being given the rights some years ago.

This time around it does look that His Tonyness is doing the same to Firefly, MAS's fledgling but increasingly popular low-cost arm.

MAS's sponsorship of WPR (Tony owns QPR) days after the share swap and change in directors also stank the news pages.

For the full range of dirt, click HERE