PTP in discussions with China state-run firm to fund expansion

Beijing: China Harbour Engineering Co is discussing purchasing stocks of the Port of Tanjung Pelepas (PTP) with MMC Malaysia.
PTP is located in Johor and is seeking overseas money for expansion.  The negotiations with China Harbour have been ongoing since the last quarter of last year with an announcement expected soon. The Chinese company has helped out building ports in other countries including Sri Lanka and Pakistan. [09/03/09]