MISC bids for contracts

AGM time: (from left) Yee, MISC chairman Datuk Ab Halim Mohyiddin and vice-president for finance Rozainah Awang at the press conference.

KUALA LUMPUR: MISC Bhd is bidding for contracts and looking to acquire assets in the floating production, storage and offloading (FPSO) sector to diversify its income stream.

President/group chief executive officer Yee Yang Chien said the energy shipping firm is currently working on three to four potential mergers and acquisitions and bids in the FPSO segment that are related to greenfield projects globally.