中文 | Homepage
Login | Contact Us
Search
loading...
Industrial Updates
International Shipping
Domestic Shipping
Ports
Logistics
International Shipping Center
China Shipping Prosperity Index
Global Port Development
China Shipping & Ports
International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
Ports
MMC in talks to buy stake in Sabah Ports
Date:2017-08-11 Readers:

MMC Corp continues to expand its ports empire in Malaysia, confirming an earlier news report that it was in talks on acquiring a stake in Sabah Ports from Suria Capital Holdings.


"We wish to clarify that the discussion between MMC Corp and Suria Capital Holdings with regards to the proposed acquisition of a stake in Sabah Ports by MMC Port Holdings, a wholly-owned unit of MMC, has taken place,” the group said in a stock market announcement.


"However, as at to-date, the board of directors of MMC Corp has yet to make any firm decision in relation to the same,” it added.MMC Corp's ports portfolio includes Port of Tanjung Pelepas and Northport in the south and middle of Peninsula Malaysia respectively.


Earlier this year, MMC Corp had entered into an agreement to buy up the whole of Penang Port, in the northern part of the peninsular. Suria Holdings controls all the major ports in Sabah to the east of Peninsula Malaysia.


Source:seatrade-maritime.com

Back:  Port of Virginia announces record July volumes; Growth continues in truck and barge cargo
Next:  Sime Darby launches liquid bulk terminal in Weifang port
China Shipping Database
China Shipping Database
Shipping Market Analysis
 
 
Copyright © 2008-2015 Shanghai International Shipping Institute (SISI) All Rights Reserved. Support by sk-vision & boondns. 沪ICP备05052059号-7