Independent journal on economy and transport policy
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the group malaysian MMC Corporation will buy 49% of Penang Port
the quota will be yielded by the Seaport Terminal (Johore), asionista of control of same the MMC
August 8, 2016
Friday the industrial, harbour group and logistic malaysian MMC Corporation has signed a preliminary agreement in order to buy 49% of the share capital of the Penang Port Sdn Bhd (PPSB), societies that give January 1994 manage the terminals of the port malaysian of Penang within a concession contract with the Penang Port Commission. The quota, composed gives about 36 million sets in action, will be acquired for 200 million ringgit (50 million dollars) and will be yielded by the Seaport Terminal (Johore) Sdn Bhd (STJSB), society that [the shareholder of control of same MMC the Corporation of which it stops 51.76% of the capital. STJSB will maintain the property of remaining 51% of the PPSB.
The agreement does not include the cession of the operated services ferry from the PPSB, than of it has acquired the management always at the beginning of 1994 as a result of the privatization of carried out the harbour and marine activities in the port of Penang.
Last year the port of Penang has enlivened 30,3 million tonnage of goods, with an increase of +0.9% on 2014.
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