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.

LATEST PRESS RELEASES

ShibataFenderTeam supplied fenders for the largest port project at the Caspian Sea

In 2016 we were awarded with the supply of fender systems for the entire new port of Turkmenistan's ... Read more

SOGET and Microsoft: a strategic partnership for a secure digitization of ports in France and worldwide

SOGET, world specialist in Port Community Systems (PCS), and Microsoft, world leader in technology, ... Read more

New Fourth Generation (4G) Performance Pack Upgrade for Existing Echoscope® Users

The new Echoscope® 4G Performance Pack Upgrade presents an opportunity for our existing customers to... Read more

Coda Octopus Products Selected to Collaborate on One of Five Premier Scottish-Japanese "Joint Ocean Innovation" Strategic Subsea Projects

The Nippon Foundation and Scottish Enterprise R&D Program provides funding of up to $32 million over... Read more

ShibataFenderTeam Agent Network is growing

ShibataFenderTeam permanently sustains and develops its agent network. Read more

Mannion Marine Limited Launched

Martin Mannion, former AECOM head of ports EMIA region, has launched Mannion Marine Limited, offerin... Read more

View all