Malaysian sovereign wealth fund Khazanah Nasional Berhad has poured cold water on a proposal from Malaysian venture capitalists to buy selected assets of the recently delisted Malaysia Airlines (MAS). Khazanah, which has pledged to invest up to MYR6billion ($980 million) into the company to bring it back to profitability within three years, has said it wants a complete shakeup of work practices, operating processes and asset management for the carrier, but has not so far mentioned an asset ...

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