SINGAPORE : Malaysian tycoon Syed Mokhtar Al-Bukhary is looking at bringing in an investor into MMC Port Holdings - a deal that could value the country's biggest port operator at more than 12 billion ringgit ($2.7 billion), two people with knowledge of the matter said.His conglomerate MMC Corp may sell a
SINGAPORE : Malaysian tycoon Syed Mokhtar Al-Bukhary is looking at bringing in an investor into MMC Port Holdings - a deal that could value the country's biggest port operator at more than 12 billion ringgit , two people with knowledge of the matter said.
A sale could be a precursor to a potential MMC Ports listing on the Malaysian stock exchange in a few years, said the sources. Global container volumes have also soared due to supply chain disruptions and congested ports, spurring deal discussions in the sector.
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