Transportation
Malaysia’s Biggest Port Considers New Investors for $8 Billion Expansion
- Westports is also considering dividend reinvestment, borrowing
- Company is still looking at buying another port in the region
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Malaysia’s biggest port operator, Westports Holdings Bhd., is considering external strategic investors to help fund a 39.6 billion ringgit ($8.3 billion) expansion that will see capacity nearly double in coming decades.
“We would be open to it, if it’s someone who can come and add value to us,” Executive Chairman Ruben Emir Gnanalingam said. “We have not ruled anything out.”