Westports is expected to obtain regulatory approval for the local listing within two months and pre-marketing for the IPO is expected in September, Reuters quoted sources as saying.
Westports manages Malaysia's main export gateway of Port Klang, one of the main ports along the Malacca Straits linking Asia with the Middle East and Europe and carrying about 40% of the world's trade.
The anticipated $500m raised will help Westports in expanding Port Klang, which has been recording double-digit growth in container throughput over the last five years.
Credit Suisse Group, Goldman Sachs Group Inc and Malayan Banking are involved in the deal, Reuters reported.
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