MELAKA: The world's largest traditional Chinese wooden sailing ship, "Fu Ning" will make a second trip to Melaka during the height of the 50th anniversary celebration of diplomatic ties between Malaysia and China.
MELAKA: A giant monument and memorial garden will be built in Bukit Cina to commemorate the 50th anniversary of diplomatic ties between Malaysia and China.
Global Infrastructure Partners (GIP) is in talks to buy up to a 49% stake in MMC Port Holdings, in a deal potentially valuing Malaysia's biggest port operator at around 30 billion ringgit ($6.4 billion), two sources with knowledge of the matter said. The infrastructure investor has begun seeking financing for the potential acquisition of a stake in MMC Port, part of the MMC Corp conglomerate controlled by Malaysian tycoon Syed Mokhtar Al-Bukhary, one of the sources said. A 49% stake in MMC Port would be worth $3.1 billion, although it is not clear yet what kind of premium will be agreed on by the two companies.
Global
Infrastructure Partners is in talks to buy up to a 49%
stake in MMC Port Holdings, in a deal potentially valuing
Malaysia s biggest port operator at around 30 billion ringgit
, two sources.