Asia
MISC privatisation ploughs ahead
Kuala Lumpur: The remaining few shareholders in Malaysia’s top shipping line, MISC, will receive a forced RM5.50 per share at the close of the market today, as parent Petronas pushes ahead with privatisation of the line.
Petronas has been forced to raise its offer on MISC twice in its five month pursuit to take the line private. [19/04/13]