Johor Port

These include NYK, MOL, CMA CGM, PSA, HPH, Evergreen, Container Corporation of India, Larsen & Toubro and Gammon India. A contract is expected to be awarded in September or October.

Johor Port, which is currently listed on the Malaysian stock exchange, could either be wholly privatised or acquired by MMC Corp. In one scenario, Seaport Terminal (Johor), which currently holds a 51.74% stake, might buy the company in its entirety. An alternative scheme envisages MMC Corp making a cash offer or offering a share swap to take control of the stake held by Seaport Terminal. This latest speculation regarding the company’s future comes just four months after Johor Port denied all suggestions of a stockmarket de-listing.