MMC makes another play for Sabah Ports

Industry Database

Malaysian local media have reported that MMC Corp has submitted an appeal to the new Sabah state government on its proposed acquisition of a 20% stake in Sabah Ports Sdn. Bhd. (SPSB) after its initial bid on behalf of subsidary MMC Ports Holding was rejected by Suria Capital Holdings Berhad in April.

Group managing director Che Khalib Mohamad Noh confirmed MMC were still interested in a deal and sees “vast potential” for expansion in Sabah.

“We are still interested. Hopefully the new government would give us the opportunity (to buy Sabah Port). We have to accept that Sabah will never want to give away control of Sabah Port. It is pretty obvious,” said Che Khalib, according to Seatrade Maritime News.

Mr Khalib added: “But again, we see that we could probably have a strategic interest so we can collaborate with Sabah Port to expand the potential in Sabah. The primary reason for us to move into Sabah is because we see the vast potential in Sabah to expand

“We have written an appeal on their recent decision to not to pursue with us. Perhaps, at the right moment, we will go back and explain why we think we can put a good business proposition to Sabah,” Che Khalib was quoted as saying on the sidelines of MMC’s annual general meeting.

Port Strategy reported on the aborted negotiations in April.

Port Strategy contacted MMC Corp for comment but did not receive a response by deadline.


World’s smartest digital port with Northern collaboration:

World’s smartest digital port with Northern collaboration: Largest multipurpose port in Finland adop... Read more


Renowned international experts will take part in the debates scheduled for the 107th Convention of t... Read more

Breakbulk Events & Media Supports Project Cargo Summit in Rotterdam

Breakbulk Events & Media Supports Project Cargo Summit in Rotterdam Read more

Antwerp XL attracts key stakeholders from across the breakbulk industry

All new exhibition for the breakbulk sector, Antwerp XL, has received support from breakbulk special... Read more

Papeete launches smart port transformation with Ci5 First commercial success for the Cargo Intelligent System

The Papeete Port Authority (PAP) is entering the smart port era with Ci5, a Cargo Intelligent System... Read more

Jade Logistics leads Indonesian ports into a digital future

Christchurch, 06 July 2018 – PT Pelabuhan Indonesia I (Pelindo I) has chosen the terminal operating ... Read more

View all