Latest news with #MMCPorts
The Star
26-06-2025
- Business
- The Star
MMC Ports to file for biggest IPO since 2012
MMC Ports could seek to raise about US$2bil in a share sale as soon as September. KUALA LUMPUR: MMC Port Holdings Sdn Bhd is pressing ahead with its planned listing in Malaysia, according to people familiar with the matter, in what could be the biggest local initial public offering (IPO) in more than a decade. The port operator, owned by Malaysian tycoon Tan Sri Syed Mokhtar Al-Bukhary, has confidentially filed listing documents with regulators and is awaiting approval to post a draft prospectus, the people said, asking not to be identified because the process is private. MMC Ports could seek to raise about US$2bil in a share sale as soon as September, the people said. The planned listing could value the company at as much as US$7bil, some of the people said. Considerations are ongoing and details including size and timing may change, the people said, adding that MMC Ports could also decide against an IPO. Representatives for MMC Ports and parent MMC Corp Bhd didn't immediately respond to requests seeking comment. Bloomberg News reported in October that MMC Ports was working with financial advisers on an IPO plan. The company runs seven ports along the Straits of Malacca, one of the world's busiest shipping lanes, and is the biggest such operator in Malaysia, according to its website. It also operates three cruise terminals. The potential IPO could be the biggest since plantation group FGV Holdings Bhd raised more than RM10bil or US$2.4bil in 2012. — Bloomberg Trading ideas: TNB, Sports Toto, Cypark, Aeon Credit, HSS, Gas Malaysia, Green Ocean, UEM Sunrise, Destini, Citaglobal, ATA IMS, RHB, Sapura Energy, Ajinomoto, SNS, iCents
The Star
25-06-2025
- Business
- The Star
MMC Ports is said to file for biggest Malaysian IPO since 2012
MMC PORT Holdings Sdn Bhd is pressing ahead with its planned listing in Malaysia, according to people familiar with the matter, in what could be the biggest initial public offering in Kuala Lumpur in more than a decade. The port operator, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, has confidentially filed listing documents with regulators and is awaiting approval to post a draft prospectus, the people said, asking not to be identified because the process is private. MMC Ports could seek to raise about $2 billion in a share sale as soon as September, the people said. The planned listing could value the company at as much as $7 billion, some of the people said. Considerations are ongoing and details including size and timing may change, the people said, adding that MMC Ports could also decide against an IPO. Representatives for MMC Ports and parent MMC Corp. didn't immediately respond to requests seeking comment. Bloomberg News reported in October that MMC Ports was working with financial advisers on an IPO plan. The company runs seven ports along the Straits of Malacca, one of the world's busiest shipping lanes, and is the biggest such operator in Malaysia, according to its website. It also operates three cruise terminals. The potential IPO could be the biggest since plantation group FGV Holdings Bhd . raised more than 10 billion ringgit ($2.4 billion) in 2012, according to data compiled by Bloomberg. - Bloomberg
Business Times
24-06-2025
- Business
- Business Times
MMC Ports to file for biggest Malaysian IPO since 2012: sources
[KUALA LUMPUR] MMC Port Holdings is pressing ahead with its planned listing in Malaysia, according to people familiar with the matter, in what could be the biggest initial public offering in Kuala Lumpur in more than a decade. The port operator, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, has confidentially filed listing documents with regulators and is awaiting approval to post a draft prospectus, the people said, asking not to be identified because the process is private. MMC Ports could seek to raise about US$2 billion in a share sale as soon as September, the people said. The planned listing could value the company at as much as US$7 billion, some of the people said. Considerations are ongoing and details including size and timing may change, the people said, adding that MMC Ports could also decide against an IPO. Representatives for MMC Ports and parent MMC did not immediately respond to requests seeking comment. Bloomberg News reported in October that MMC Ports was working with financial advisers on an IPO plan. The company runs seven ports along the Straits of Malacca, one of the world's busiest shipping lanes, and is the biggest such operator in Malaysia, according to its website. It also operates three cruise terminals. The potential IPO could be the biggest since plantation group FGV Holdings raised more than RM10 billion (S$3 billion) in 2012, according to data compiled by Bloomberg. BLOOMBERG
Barnama
25-05-2025
- Business
- Barnama
Malaysia, Laos Forge Strategic Rail-Sea Trade Link
BUSINESS Prime Minister Datuk Seri Anwar Ibrahim (right) and Prime Minister of Laos, Dr Sonexay Siphandone (lefti) witness the exchanging of Memorandum of Understanding (MoU) document between MMC Port Holdings Sdn Bhd (MMC Ports) Chief Executive Officer, Datuk Azman Shah Mohd Yusof (second, right) and PTL Holding Chief Executive Officer, Chanthone Sitthixay (second, left) at the Perdana Putra Complex today. By Syed Iylia Hariz Al-Qadri Syed Izman PUTRAJAYA, May 25 (Bernama) -- Laos and Malaysia have established a partnership to boost cross-border trade via rail and sea with the exchange of a Memorandum of Cooperation (MoC) between Penang Port Sdn Bhd (PPSB) and Thanaleng Dry Port (TDP) here today. The MoC was exchanged between MMC Port Holdings Sdn Bhd (MMC Ports) chief executive officer (CEO) Datuk Azman Shah Mohd Yusof and PTL Holding Co. Ltd (PTLH) CEO Chanthone Sitthixay, witnessed by Prime Minister Anwar Ibrahim and his counterpart, Laos Prime Minister Sonexay Siphandone. PPSB is a subsidiary of MMC Ports, while PTLH is the parent company of Vientiane Logistics Park Co. Ltd., which manages the TDP. The collaboration is part of a broader initiative under the Pan-Asia Railway Network, integrating the China-Laos Railway to create a strategic trade route linking southern China through Laos and Thailand to Malaysia's West Coast. Speaking to Bernama, Azman Shah said the cooperation underscores Malaysia's growing role as a regional logistics hub and is aligned with efforts to enhance ASEAN connectivity. He added that the initiative will not only promote multimodal integration by combining rail and sea transport but also reduce transit times and logistics costs, improve supply chain efficiency, and boost regional economic growth. 'We are pleased to contribute to TDP's efforts to realise Laos' national strategy to transform from a land-locked country to a land-linked nation. 'This partnership positions Malaysia as a gateway for trade between mainland Southeast Asia and global markets, while also supporting Laos in becoming a land-linked economy,' he said.
Malaysian Reserve
25-05-2025
- Business
- Malaysian Reserve
Malaysia, Lao forge strategic rail-sea trade link
PUTRAJAYA – Laos and Malaysia have established a partnership to boost cross-border trade via rail and sea with the exchange of a Memorandum of Cooperation (MoC) between Penang Port Sdn Bhd (PPSB) and Thanaleng Dry Port (TDP) here today. The MoC was exchanged between MMC Port Holdings Sdn Bhd (MMC Ports) chief executive officer (CEO) Datuk Azman Shah Mohd Yusof and PTL Holding Co. Ltd (PTLH) CEO Chanthone Sitthixay, witnessed by Prime Minister Anwar Ibrahim and his counterpart, Lao Prime Minister Sonexay Siphandone. PPSB is a subsidiary of MMC Ports, while PTLH is the parent company of Vientiane Logistics Park Co. Ltd., which manages the TDP. The collaboration is part of a broader initiative under the Pan-Asia Railway Network, integrating the China-Lao Railway to create a strategic trade route linking southern China through Laos and Thailand to Malaysia's West Coast. Speaking to Bernama, Azman Shah said the cooperation underscores Malaysia's growing role as a regional logistics hub and is aligned with efforts to enhance ASEAN connectivity. He added that the initiative will not only promote multimodal integration by combining rail and sea transport but also reduce transit times and logistics costs, improve supply chain efficiency, and boost regional economic growth. 'We are pleased to contribute to TDP's efforts to realise Lao's national strategy to transform from a land-locked country to a land-linked nation. 'This partnership positions Malaysia as a gateway for trade between mainland Southeast Asia and global markets, while also supporting Lao in becoming a land-linked economy,' he said. Azman Shah said that the collaboration would involve the sharing of operational knowledge, joint marketing efforts, system integration, simplification of documentation processes, harmonisation of infrastructure, and short-term personnel exchanges. MMC Ports is a holding company for its subsidiaries that operate five ports across Peninsular Malaysia, namely the PPSB, Port of Tanjung Pelepas, Johor Port Bhd, Northport (Malaysia) Bhd, and Tanjung Bruas Port Sdn Bhd, making it Malaysia's largest port operator. Meanwhile, TDP managing director Sakhone Philangam said the collaboration marked a significant milestone in transforming Laos into a key logistics player despite its landlocked status. Philangam noted the strategic partnership is expected to benefit Laos economically, as the country's small-scale economy needs to rely on higher trade volumes through cooperation with regional players like Malaysia and China. 'Malaysia is well-established in maritime logistics, with strong links to Africa, India and other regions. This makes Penang Port a logical partner for us. 'In logistics, you need agglomeration and massification. We don't have that volume, so this partnership will enable us to tap into a larger logistics network,' he said. This was the second time that the TDP signed an MoC with a Malaysian company, following an earlier agreement with Mutiara Perlis Sdn Bhd to facilitate inland port services between Perlis Inland Port and TDP in Vientiane. In 2024, total bilateral trade between Malaysia and Laos stood at RM99.7 million, with Malaysia's exports valued at RM67.8 million and imports totalling RM31.9 million. Malaysia is Laos' fifth-largest foreign investor, with total investments worth US$942 million across 46 projects in sectors including renewable energy, transport, telecommunications, construction, banking and hospitality. — BERNAMA
