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.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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 , IJM , Kuantan Port , China

Next In Business News

Kinergy buys 45% stake in Jati Cekerawala
Govt LLM – vision or illusion?
Perodua doubles 2025 capex to RM1.6bil
MyGAS 2025 to focus on tackling financing challenges in gas industry
IHH Healthcare backs govt's efforts to tackle rising healthcare costs
NPC Resources' major shareholders propose privatisation at RM2.82 per share
SSF partners with Rumah Ibu to furnish affordable homes in Perak
Ringgit closes lower against US dollar
Rightsizing efforts aimed at ensuring PETRONAS can contribute continuously to nation-building
Yinson awards SOLS Foundation and Aagemaker Asia with RM50,000 Y4Y grant

Others Also Read