MMC Port Is Said to Approach Bidders for Potential Stake Sale

🌐 Bloomberg (MY) —

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MMC Port Holdings, a Malaysian port operator owned by tycoon Syed Mokhtar Al-Bukhary, is seeking bids for a minority stake sale after postponing its IPO last year. The move could affect the company's strategic positioning in the shipping and markets sectors.

Malaysian tycoon Syed Mokhtar Al-Bukhary’s MMC Port Holdings Sdn. has approached prospective bidders for a minority stake in the company, according to people familiar with the matter, after postponing an initial public offering last year.

Politics Markets Deals Shipping MMC Port Holdings Syed Mokhtar Al-Bukhary stake sale port operator IPO postponement Malaysian business shipping industry

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