Malakoff unit to sell its stake in Lekir Bulk Terminal

PETALING JAYA: Malakoff Corp Bhd’s wholly owned subsidiary, Tuah Utama Sdn Bhd, will be disposing of its 20% stake in dry bulk terminal operator Lekir Bulk Terminal Sdn Bhd for a total sum of RM90mil.

In a filing with Bursa Malaysia yesterday, Malakoff announced that the 20% equity interest will be sold to Pelabuhan Lumut Sdn Bhd (PLSB), which currently owns 80% of Lekir Bulk Terminal.

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Business , Malakoff

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