MISC TO RE­CEIVE PRO­CEEDS OF UP TO RM358M

The Sun (Malaysia) - - SUNBIZ -

PETAL­ING JAYA: MISC Bhd will re­ceive to­tal pro­ceeds of up to RM358 mil­lion from the dis­posal of MISC In­te­grated Lo­gis­tics Sdn Bhd (MILS) to Swift Haulage Sdn Bhd. The pro­ceeds in­clude the pur­chase con­sid­er­a­tion of RM257.2 mil­lion, the share­holder’s loan owed by MILS to MISC of RM66.8 mil­lion and other re­ceiv­ables due from MILS to MISC of up to RM34.0 mil­lion. MILS has ceased to be a sub­sidiary of MISC.

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