“We are looking forward to embark on the next phase of our corporate journey as part of our natural progression,” MMC Ports chief executive officer Datuk Azman Shah Mohd Yusof said in a statement on Tuesday.
MMC Port Holdings Bhd, Malaysia’s largest container port operator, has secured regulatory approval for its upcoming listing on the Main Market.
A timeline was not provided, though a company would have six months to complete an initial public offering (IPO) upon regulatory approval. The IPO comprises existing shares entirely, meaning that MMC Port itself will not get any of the proceeds to be raised.
