Rare MISC block flies off the shelves

By Rashmi Kumar
05 Nov 2019

An undisclosed institutional investor in Malaysia’s MISC Berhad has raised MR565.6m ($136m) by selling some of its shares in the shipping company, giving buyers an extremely rare opportunity to gain exposure to it.

Sole bookrunner and placement agent Maybank launched the overnight block of up to 70m MISC shares after Monday's market close. The stock, which included 60m in the base deal and an increase option of 10m shares, was up for sale at a range of MR8.05 to MR8.22 each. ...

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