Boustead sells Klang cruise terminal to Westports, MMC 


KUALA LUMPUR: Boustead Holdings Bhd has entered into a RM230mil deal to dispose its entire stake in a cruise terminal in Klang, Selangor to new joint owners, Westports Holdings Bhd and MMC Corp Bhd.

Westports will acquire a 50% equity interest in Boustead Cruise Centre Sdn Bhd (BCC) for RM115mil cash, while MMC Corp, through a unit Klang Port Management Sdn Bhd will take the remaining 50% stake also for the same price of RM115mil.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Shedding light on power sector prospects
Building a firm facade
Singapore playing roulette with casino licensing
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Bidding big on Malaysian art
Inflation rises slightly in October
EQ expands to Thailand
Capitalising on future trade tariffs
The ringgit recovery

Others Also Read