This document outlines the Malaysian Aviation Commission's decision regarding the proposed transaction, labeled as an "Anticipated Merger," involving Gateway Development Alliance Sdn Bhd, Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd, and GIP Aurea Pte Ltd. The primary points of the decision are:

Merger Scope: The merger aims to privatize Malaysia Airports Holdings Berhad, with the Applicants intending to acquire the remaining 67.01% of shares not currently held by them.

Commission Approval: The merger was voluntarily notified to the Commission, which, after review, determined that the merger would not infringe the prohibition stated in Section 54 of Act 771.

Shareholders' Agreement: The decision is conditional upon the finalization of a valid Shareholders' Agreement. This agreement ensures that post-merger, the Applicants will refrain from engaging in prohibited commercial aviation activities under Act 771.

Validity: The decision remains valid for one year, effective from 8 November 2024.

This summary clarifies the steps and conditions under which the proposed merger can proceed, with emphasis on compliance with aviation regulations.

This is the conclusion from the latest MAVCOM press release, which means it now reach the FINAL STEP which is require 90% shareholder agree to privatise MAHB.

Not long until we can reach RM11 target price, maybe within this month.

Thanks Anwar & Anthony Loke!