Kuala Lumpur: Malaysia’s IJM Corporation is joining China’s Guangxi Beibu Gulf International Port Group to develop Kuantan port and its immediate hinterland. An MoU has been signed today whereby the Chinese group has taken 40% or 48m shares in Kuantan Port Consortium. The Chinese investor will look to bring other investors such as a steel mill plant, an aluminium-processing plant and an edible oil processing plant to the area. [05/02/13]
