Ministry has no qualms about MMC divestment

TheStar Wed, Apr 17, 2024 12:00am - 3 weeks View Original


Transport Minister Anthony Loke Siew Fook.

KUALA LUMPUR: The Transport Ministry (MOT) has no objections to MMC Corp Bhd plans to divest its 49% stake in MMC Ports Holdings Bhd, even to foreign companies, says Transport Minister Anthony Loke Siew Fook.

However, he said issues concerning concessions and ownership status of the nation’s key assets must be scrutinised.

He added that the decision to sell equity interest in a company lies within the company’s purview.

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