PETALING JAYA: MMC Port Holdings Sdn Bhd is considering an initial public offering (IPO) on Bursa Malaysia that may raise as much as RM7bil – making it the biggest in Malaysia in more than a decade, according to sources.
The port operator is working with financial advisers on plans for a first-time share sale that may take place as soon as the second half of 2025, the sources said.
MMC could be valued at RM24bil to RM27bil.
Deliberations are ongoing and details such as size, value and timing could change, the people said. MMC Port didn’t respond to requests for comment.
Part of MMC Corp, it runs seven ports along the Straits of Malacca, one of the world’s busiest shipping lanes, and is the biggest such operator in the nation, according to its website. It also operates three cruise terminals. — Bloomberg
