Malaysia Marine and Heavy Engineering Moves Forward with IPO

MISC is one step closer to the listing of its shipbuilding arm. Europe’s second-largest oilfield-services provider Technip Société Anonyme has agreed to subscribe between 128 million and up to 158.4 million shares or an equivalent between 8.0% and 9.9% of the enlarged and paid-up capital of Malaysia Marine and Heavy Engineering (“MMHE”). Under the binding term sheets, Technip will pay a 2% premium to the Institutional price of MMHE shares.

This is only an excerpt of Malaysia Marine and Heavy Engineering Moves Forward with IPO

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.