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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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...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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