The port operator has appointed several bankers for its listing and it is now in the application process, he said. Earlier reports had said the IPO is set to take place by October and raise as much as MYR1.54bn ($486m). Credit Suisse Group AG, Goldman Sachs Group Inc and Malayan Banking Bhd were believed to be among the banks involved in the deal.
Westports is the largest of two terminal operators at Malaysia's main import and export gateway Port Klang.
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