The group said in a stock market announcement that it is “no longer pursuing the proposed disposal of Sabah Ports”, and that the entity would remain as its wholly-owned unit.
Interests related to Sabah state own a 50% stake in Suria Capital. Sabah Ports has a 30-year concession, which began in 2004, to manage and operate eight ports in the state.
Sarawak state recently announced that it was set to assume full regulatory control over its oil and gas industry by July this year with the launch of Petroleum Sarawak (Petros).
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
