MMC Corp buys out unowned stake in Penang Port for USD50 million

Malaysia-listed port operator MMC Corporation Bhd announced on Tuesday plans to acquire an outstanding 51% share in Malaysia’s Penang Port from Seaport Terminal (Johore) Sdn Bhd (STJSB) for a cash consideration of MYR220 million (USD50 million).Source: http://www.sea-web.com

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