MMC may consider port assets spin-off


Che Khalib: ‘This (spin-off) is an option that we may consider at a later time but not for now.’

KUALA LUMPUR: MMC Corp Bhd, which reported a 54% drop in net profit to RM47.8mil in the third quarter ended Sept 30, is considering a listing of its enlarged port operations after its shareholders approved a plan to take over NCB Holdings Bhd.

The company now operates ports in Johor and Penang.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , MMC Corp , Malakoff , NCB , ports , penang , Johor , stocks , shares , klci , klse ,

   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read