London-based investment company Aberdeen Group has acquired a 5.075% stake in Malaysian shipping operator MTT Shipping and Logistics, becoming one of the largest shareholders in the company. Aberdeen's investment division in Malaysia purchased 126.86 million shares, valued at 123.1 million Malaysian ringgit (30 million USD) based on the closing price of MTT shares on that day.
Aberdeen now sits alongside Executive Chairman Ong Kean Lee, highlighting the growing interest of investors in the Malaysian shipping sector.