Sabah Ports sale to MMC aborted
Suria Capital Holdings Berhad has scrapped plans to sell a stake in Sabah Ports Sdn. Bhd. (SPSB) to MMC Corp’s wholly-owned unit MMC Ports Holding.
In a filing to Bursa Malaysia, Suria Capital, controlled by the Sabah state government, said Sabah Ports would remain as its wholly-owned unit.
In August last year, Suria had confirmed it was in talks with MMC to sell a stake in Sabah Ports.
Sabah Ports has a 30-year concession, which began in 2004, to manage and operate eight ports in the state.
Related Articles
CONTAINER & CARGO HANDLING
TERMINAL OPERATIONS
EQUIPMENT