According to local press reports, Malaysian transport and construction group MMC Corp is considering the sale of a stake in the Port of Tanjung Pelepas (PTP) to China Harbour Engineering Co Ltd (CHEC).
MMC has a 70% interest in PTP, with the remainder held by AP Moller-Maersk. A report in the Malaysian weekly The Edge said that the company had commenced negotiations to sell a 19% stake to the Chinese company....
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This complete item is approximately 100 words in length, and appeared in the March 2009 issue of WorldCargo News, on page 13.
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