COMMENT | It’s all over now - Malaysia Airports Holdings Berhad (MAHB) is firmly in the hands of the Gateway Development Alliance (GDA), the group which made the takeover offer, but there’s a bitter taste about the way it all went and the strong-arm tactics used.

The thing to note is that this takeover could not be done without the consent of sovereign fund Khazanah Nasional Berhad and retirement fund Employees Provident Fund (EPF) - who before speculations over the offer jointly held well over 40 percent of MAHB.

Neither Khazanah nor EPF are hedge funds or...