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Monday, 1 July 2013
KUALA LUMPUR: Westports Malaysia Sdn Bhd, the operator of the country's busiest port, remains intact for a public listing by the end of this year, with the company currently in the application process.
Executive Chairman Tan Sri G. Gnanalingam said Westports has appointed several bankers for its proposed initial public offering (IPO).
Gnanalingam however declined to divulge further details of the proposed listing, citing on-going discussions.
It was previously reported that Westports might opt to list on Bursa Malaysia in October this year, in a deal that may raise up to RM1.54bil.
Westports manages Malaysia's main export gateway of Port Klang, which is the world's 12th busiest port.
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