mtt

Aberdeen Group Takes 5% Stake in Malaysian Liner MTT Shipping and Logistics

London-listed asset manager Aberdeen Group has acquired a 5.075% stake in Malaysian liner operator MTT Shipping and Logistics, becoming one of its largest shareholders. The investment, valued at RM123.1 million ($30 million), follows MTT's recent listing on Bursa Malaysia and its order of two 3,300 TEU containerships for fleet expansion.