THE planned privatisation of MISC Bhd will surely attract a lot of investor interest. After all, it is a market heavyweight and its exit will wipe out a whopping RM20bil in market capitalisation from Bursa Malaysia.
The company has a long history, having listed way back in 1987, and is on the radar of many fund managers for the business that it is in. MISC is the world's largest operator of liquefied natural-gas (LNG) carriers by fleet size and its ships ply some of the world's busiest seas. On this score, it is a global brand and a Malaysian flag carrier in the shipping business.