The stock closed at MYR 9.20 ($2.54) on Wednesday as investors respond to reports that Teekay was looking to buy MISC’s tanker arm.

TradeWinds revealed last Friday that the US-listed owner had emerged as a potential suitor for its Malaysian rival.

Teekay Tankers chief executive Kevin Mackay reportedly had discussions with AET about an acquisition, but it was not clear how receptive MISC was.

“It