Kuala Lumpur: State-run energy giant Petronas upped its bid to take shipping line MISC private on Friday by 3.8% to RM5.50 a share, still well short of the indicative valuations for the line which range from RM5.69 per share to RM6.10, according to the independent adviser to the minority shareholders.
Petronas owns 62.7% of MISC and is keen to take it private. [08/04/13]
