Malaysia’s Transmile loses delisting appeal

Malaysian cargo carrier, Transmile Air Services, has had its appeal not to be delisted from the local stock exchange, Bursa Malaysia, denied. The delisting took effect immediately from 24 May. While Transmile will continue to operate, the decision highlights the lack of confidence market analysts and investors have in its attempts to restructure its debts.


delisting Malaysia Transmile


Malaysian cargo carrier, Transmile Air Services, has had its appeal not to be delisted from the local stock exchange, Bursa Malaysia, denied. The delisting took effect immediately from 24 May. While Transmile will continue to operate, the decision highlights the lack of confidence market analysts and investors have in its attempts to restructure its debts.