Shares in the Malaysianshipowner hit a two-and-a-half-year high of MYR 7.07($2.15) last week before easing back to MYR 6.95 on Monday.

Thestock price is close to 30% above the buyout price of MYR 5.50 offered by Malaysiannational oil major Petronas in April 2013.

Itmanaged to secure 86% of shareholders in favour of its bid, but failed to meetthe 90 % threshold necessary to de-list the company

MISCrecently posted a promising set of fourth quarter results reporting a netprofit of MYR 1.08bn,