With the aim to take full control of MISC Berhad, Petronas is seeking to acquire the remaining shares in the company for approximately RM 8.7 billion. Currently, Petronas owns a stake of about 63 per cent in MISC; it has offered RM 5.3 per share to MISC for the remaining stake. Further, Petronas does not plan to lay off the MISC employees, following the completion of the offer. MISC is a Kuala Lumpur-based shipping company that owns and operates ships, as well as offshore floating facilities and marine repair facilities.