IJM sells 40% stake in Kuantan Port to China's Guangxi Beibu for RM334mil

PETALING JAYA: IJM Corp Bhd is selling a 40% stake in Kuantan Port Consortium Sdn Bhd to China’s Guangxi Beibu Gulf International Port Group Co Ltd for RM334.42mil.

The company told Bursa Malaysia yesterday that its unit, Road Builder (M) Holdings Bhd (RBH), was selling a 38% stake to Guangxi Beibu’s unit Beibu Gulf Holding (Hong Kong) Co Ltd (BGH) for RM317.70mil.