PETALING JAYA: Petroliam Nasional Bhd (Petronas) has failed in its bid to privatise MISC Bhd
, with acceptance from shareholders amounting to 86.07%, or 3.93% short the 90% shareholding level to make the offer unconditional.
In a filing with Bursa Malaysia yesterday, CIMB Investment Bhd, on behalf of Petronas, said the latter would return all MISC shares that had been transferred into Petronas' central depository system account to the respective shareholders within 14 days.
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