Wednesday, August 4, 2010

MISC's MSE Holdings shares declared Syariah-compliant

KUALA LUMPUR: MISC BHD []'s unit MSE Holdings Bhd, which is seeking a listing on the Main Market, has been classified as'' Syariah-compliant.

MISC said on Wednesday, Aug 4 the Syariah Advisory Council of the Securities Commission had classified MHB's shares as Syariah-compliant security, subject to the SC's approval for the proposed listing.

MHB is the special purpose vehicle for the listing of MISC's Malaysia Marine and Heavy Engineering Holdings Bhd.

The Syariah-compliant classification will remain valid until the next syariah compliance review in the next financial year of MHB.

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