KUALA LUMPUR: Bintulu Port Holdings Bhd
has announced the signing of a tripartite agreement with the Federal government and the Sarawak state government pursuant to the cheque handover ceremony marking the regulatory handover of the port to Sarawak.
In a filing with Bursa Malaysia, the port operator said the tripartite agreement is intended to release and discharge the Federal government from any claims and obligations from the Sarawak government and Bintulu Port under the privatisation agreement signed on Dec 31, 1992.
It added that the agreement has no impact on the port's operations. "The transition of Bintulu Port to a State Port under the jurisdiction of the Sarawak Government, as well as the signing of the Tripartite Agreement has no effect on the day-to-day operations of the Port, the continuity of services to customers as well as the existing rights and obligations of BPSB under its operating arrangements.
"Further, there ought not to be any material effect on the earnings, net assets, share capital or shareholdings of the substantial shareholders' of Bintulu Port Holdings for the financial year ending Dec 31, 2026," said the filing.
The signing of the tripartite agreement was witnessed by Prime Minister Datuk Seri Anwar ibrahim and Sarawak Premier Tan Sri Abang Johari Tun Openg.
