Ruben expects the port's TEUs to increase between 8% and 13% this year." (Default Alternate Text: "Ruben expects the port's TEUs to increase between 8% and 13% this year. - Filepic CHAN TAK KONG/THE STAR
PETALING JAYA: Westports Holdings Bhd
is not surprised by the rumour that Khazanah Nasional Bhd may divest its entire 4.74% stake in the port operator, and is taking the news positively as an avenue to increase its free float, said chief executive officer Ruben Emir Gnanalingam.
StarBiz had on Monday, quoting a source, reported that Khazanah was looking to cash out with quite a handsome gain from Westports and intended to place out its shares to other funds.
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