MILS logistics hub in Pulau Indah Port Klang.
PETALING JAYA: MISC Bhd
’s move to hive off its integrated logistics business will not have much material impact, but analysts deemed it a good move nonetheless on several fronts.
Yesterday, the shipping group announced on Bursa Malaysia that it was disposing of its entire equity interest in wholly-owned MISC Integrated Logistics Sdn Bhd (MILS) to Golden Age Logistics Sdn Bhd, a wholly-owned unit of Utusan Printcorp Sdn Bhd, for RM250mil cash.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
