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.


MAN 175D Selected for First IMO Tier IIICompliant Harbour Tug Designed for Operation in Mediterranean

2 x IMO Tier III-compliant 12V175D MM engines to power harbour pusher tug Read more

First mobile 3D sensor system with integrated 2D camera and overlay function – now all in one.

This 3D smart camera from ifm electronic designed for mobile applications is the first 3D sensor sys... Read more

ShibataFenderTeam delivered Cone Fenders to new Hutchison Icave Container Terminal

In 2018 the Hutchison Icave Port in Veracruz, Mexico was expanded by a new container terminal. Shiba... Read more

TGI’s NEW Dashboard Module.

The “Dashboard” module allows you to create one or more dashboards. Read more

CodaOctopus® Underwater Survey Explorer ("USE") Version 8.5 Release

Coda Octopus is pleased to announce the release of Version 8.5 of CodaOctopus® Underwater Survey Exp... Read more

Coda Octopus Launches New Echoscope4G Series

Coda Octopus now completes the launch of its full series of patented Fourth Generation real-time 3D ... Read more

View all