MMC wants more of PTP
MMC Corp Bhd has lost some of its lustre of late. Part of this has to do with the conglomerate's proposal to acquire an additional 19.9% in the Port of Tanjung Pelepas (PTP) for RM756.2mil in shares from Seaport Terminal (Johore) Sdn Bhd.
The deal, announced on Sept 24 last year, has drawn much flak from the investment community because of the perception that it is skewed in favour of Tan Sri Syed Mokhtar Albukhary, who controls both Seaport Terminal and MMC
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