MMC Corp announces listing of 3 subsidiaries

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MMC Corp Bhd has announced that three of its holdings will go public sometime this year.  Gas Malaysia Sbn Bhd, Malakoff Bhd, and Johor Port Bhd will all be listed at some point.  MMC is owned by billionaire investor Syed Mokhtar, and holds 100% of Malakoff and Johor Port, and 41% of Gas Malaysia.  All companies are currently undergoing financial examinations before the listings.

Current estimated value puts Gas Malaysia at around RM5 billion.  Malakoff is valued at RM7 billion, and Johor Port at RM1.5 billion.  The listing announcements come after MMC has spent considerable effort paring down its debt and making itself more attractive to investors, and they come as no surprise to industry analysts.  They also plan on investing an additional RM1 billion to shore up existing port and wharf projects.

 

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Reading Time: 1 minute

MMC Corp Bhd has announced that three of its holdings will go public sometime this year.  Gas Malaysia Sbn Bhd, Malakoff Bhd, and Johor Port Bhd will all be listed at some point.  MMC is owned by billionaire investor Syed Mokhtar, and holds 100% of Malakoff and Johor Port, and 41% of Gas Malaysia.  All companies are currently undergoing financial examinations before the listings.

Reading Time: 1 minute

MMC Corp Bhd has announced that three of its holdings will go public sometime this year.  Gas Malaysia Sbn Bhd, Malakoff Bhd, and Johor Port Bhd will all be listed at some point.  MMC is owned by billionaire investor Syed Mokhtar, and holds 100% of Malakoff and Johor Port, and 41% of Gas Malaysia.  All companies are currently undergoing financial examinations before the listings.

Current estimated value puts Gas Malaysia at around RM5 billion.  Malakoff is valued at RM7 billion, and Johor Port at RM1.5 billion.  The listing announcements come after MMC has spent considerable effort paring down its debt and making itself more attractive to investors, and they come as no surprise to industry analysts.  They also plan on investing an additional RM1 billion to shore up existing port and wharf projects.

 

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