Key facts
- MMC Port Holdings Sdn. is exploring a minority stake sale.
- The company has approached potential bidders.
- An initial public offering was postponed last year.
MMC Port Holdings Sdn., a Malaysian company controlled by tycoon Syed Mokhtar Al-Bukhary, is reportedly seeking to sell a minority stake. Sources familiar with the matter indicate that the company has approached potential bidders. This move comes after MMC Port Holdings decided to postpone its initial public offering (IPO) last year. The specifics of the stake sale, including the size and valuation, have not been disclosed.