AsiaPorts and Logistics

MMC keen to buy more ports

Malaysian conglomerate MMC Corp is looking to buy more ports. The firm, which is involved in real estate and power generation as well, is keen to add overseas ports too.

“We’ve been looking but at the moment we have not identified a single one yet. We’ll explore,” group managing director Datuk Seri Che Khalib Mohamad Noh told reporters at its AGM yesterday.

“We believe that ports could be the biggest contributor to our profit moving forward. Ports is going to be very interesting. It can contribute as high as 50% to revenue this year,” he added.
MMC has three ports in Malaysia and one in Saudi Arabia at present.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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