MMC: No firm deal on Sabah Ports yet

New Straits Times - - Business -

MMC Corp Bhd has con­firmed a re­port by a daily that it was in talks to ac­quire a stake in Sabah Ports Sdn Bhd. “We wish to clar­ify that the dis­cus­sion be­tween MMC and Suria Cap­i­tal Hold­ings Bhd with re­gards to the pro­posed ac­qui­si­tion of a stake in Sabah Ports by MMC Port Hold­ings Sdn Bhd, a wholly-owned sub­sidiary of MMC, has taken place,” said the group in a fil­ing on Bursa Malaysia yes­ter­day. “How­ever, as at to date, the board of di­rec­tors of MMC has yet to make any firm de­ci­sion in re­la­tion to the same,” it added.

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