Suria Capital confirms talks with MMC on Sabah Port

PETALING JAYA: Suria Capital Holdings Bhd has confirmed talks with MMC Corp Bhd on the proposed acquisition of a stake in Suria Capital’s wholly owned subsidiary Sabah Ports Sdn Bhd.

“However, to date, the board of directors of Suria have yet to make any firm decision,” Suria Capital said in a stock exchange filing yesterday.

Suria Capital was responding to a report that diversified MMC Corp is understood to be in talks with Suria Capital, a company controlled by the Sabah government, to buy a stake in Sabah Ports.

It clarified that the discussion between MMC Corp and Suria on the proposed acquisition by MMC Ports Holdings Sdn Bhd, a wholly owned subsidiary of MMC, had taken place.

In a separate filing with Bursa , MMC also confirmed the same, adding that it is yet to make a firm decision on the matter.

Suria Capital closed unchanged at RM2.16 yesterday with 86,500 shares changing hands.

Source: The Sun Daily

Leave a Reply

Your email address will not be published. Required fields are marked as *

Time limit is exhausted. Please reload CAPTCHA.