MISC heads north on plan to sell ships

MISC Bhd, Southeast Asia’s largest shipping line by market value, rose in Kuala Lumpur trading after saying it will raise funds by selling entire fleet of 16 container ships as it exits the liner industry.

The stock gained 1.2 percent to RM5.87 at 9:05 a.m. local time, set for its highest close since Nov. 24. -- Bloomberg



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