KUALA LUMPUR, MMC Port Holdings Bhd (MMC Ports) has received approval from the Securities Commission Malaysia (SC) to proceed with its listing on the Main Market of Bursa Malaysia Securities Bhd.
As part of its initial public offering (IPO), MMC Ports will offer up to 4.3 billion shares, representing around 30% of its issued share capital of 14.2 billion shares.
Of this, 284.8 million shares will be allocated to the Malaysian public, while 1.3 million shares will be reserved for the company’s directors and key senior management. The balance of up to four billion shares will be offered to Malaysian and foreign institutional investors as well as selected investors.
Malaysia’s largest container port operator said the listing marks a natural step forward in strengthening its corporate profile and increasing visibility within the investment community.
Chief executive officer Datuk Azman Shah Mohd Yusof said, “We look forward to entering this new phase of our journey. Beyond strengthening our market presence, we are also exploring strategic partnerships and expansion opportunities to leverage the growth in global trade, the relocation of manufacturing activities, and the reorganisation of global supply chains.”
CIMB Investment Bank Bhd is the principal adviser, joint global coordinator, joint bookrunner, sole managing underwriter and joint underwriter for the IPO. The Hongkong and Shanghai Banking Corporation Ltd (HSBC) Singapore Branch will also act as joint global coordinator and joint bookrunner.
Other joint bookrunners include AmInvestment Bank Bhd, Bank Muamalat Malaysia Bhd, CGS International Securities Malaysia Sdn Bhd, CLSA Ltd, CLSA Securities Malaysia Sdn Bhd, Jefferies Singapore Ltd, Kenanga Investment Bank Bhd, Maybank Investment Bank Bhd, and RHB Investment Bank Bhd.
