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MMC to purchase a 49% share in Penang Port for $49.5m

2016-08-09 01:00:00| Ship Technology

Malaysian utilities and infrastructure group MMC has signed a conditional share sale and purchase agreement to buy a 49% stake in Malaysia's Penang Port for MYR200m ($49.5m) in cash from MMCs own majority shareholder Seaport Terminal (Johore).

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