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Malaysia: MISC to list shipyard
Wednesday, 14 April 2010 11:57

Malaysia’s MISC Berhad is reportedly planning to list its shipyard, Malaysia Marine and Heavy Engineering on the Bursa Malaysia.

The company said that further information would be disclosed when discussions and negotiations had been finalised. The company did not specify a time frame to list.

“Since MMHE is operating at optimal level, we think the potential fund raising may spur the entity’s cash flow and hence open the door to a potential acquisition,” OSK Research said.