Westports on RM10bil expansion

Tan Sri G. Gnanalingam(inset filepic) is the single largest shareholder of Westports, with an equity interest of 45%. The largest port operator in the country is considering options from the debt market such as sukuk and other forms of borrowings to finance the expansion besides using internally-generated funds.

PETALING JAYA: Westports Holdings Bhd is expected to invest up to RM10bil to double its container-handling capacity and the company will tap the bond market to partly finance this plan.

Sources told StarBiz that Westports, the largest port operator in the country, was considering options from the debt market such as sukuk and other forms of borrowings to finance the expansion besides using internally-generated funds.