Independent journal on economy and transport policy
13:35 GMT+2
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To MMC the Corporation the entire property of the society that manages the port malaysian of Penang
Acquisirà 51% of the share capital
April 4, 2017
Remaining
the group malaysian MMC Corporation, than the slid summer an agreement with the Seaport has signed Terminal (Johore) Sdn Bhd (STJSB) in order to buy 49% of the capital of the Penang Port, the society that manages the port malaysian of Penang(of 8 August 2016), has yesterday signed a new understanding with the same company in order to acquire being remained 51% of the capital of the Penang Port. The new transaction will have a value of 220 million ringgit (50 million dollars).
the acquisition of the initial quota pairs to 49% of the share capital has been capacity to term 27th March.
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