KUALA LUMPUR: The share price of MMC Corp dipped on Monday, Aug 9 after billionaire Tan Sri Syed Mokhtar Al-Buhary's plans for MMC to consolidate and rationalise the operations of Port of Tanjung Pelepas (PTP) and Johor Port were rejected.
At 9.25am, MMC Corp was down five sen to RM2.55 with 4,000 shares done.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the government had decided not to approve the proposal following complaints from companies and industries in Pasir Gudang.
Mustapa was reported saying the companies claimed they had to pay higher haulage costs if they had to use PTP instead of Johor Port.
At 9.25am, MMC Corp was down five sen to RM2.55 with 4,000 shares done.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the government had decided not to approve the proposal following complaints from companies and industries in Pasir Gudang.
Mustapa was reported saying the companies claimed they had to pay higher haulage costs if they had to use PTP instead of Johor Port.
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