MMC owns several ports, including Pelabuhan Tanjung Pelepas, Johor Port, Northport and Penang Port.
It said the Kuala Lumpur-listed company controlled by tycoon Syed Mokhtar Al-Bukhary is seeking to raise about US1 billion from the first-time share sale. Deliberations are at an early stage, they said, and details of the offering including size and timeline could still change.The report said that according to its website, MMC owns ports including Pelabuhan Tanjung Pelepas and Johor Port in Johor, Northport in Port Klang and Penang Port.
At US1 billion, Bloomberg said, the IPO would be the biggest in Malaysia since Astro Malaysia Holdings Bhd raised US$1.47 billion in 2012, according to data it compiled.
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