MMC Ports prepares one of Malaysia's largest IPOs [BTTV]
KUALA LUMPUR: MMC Port Holdings Bhd, the country's largest container port operator, has received the green light from the Securities Commission Malaysia to list on the Main Market of Bursa Malaysia Securities.
In a landmark move set to reshape Malaysia's capital markets and regional port industry, this long-anticipated initial public offering (IPO) marks a defining moment for the country's logistics sector – and positions MMC Ports as a key regional player in the global supply chain.
Chief executive officer Datuk Azman Shah Mohd Yusof said, "Having established ourselves as Malaysia's largest port operator, we are looking forward to embarking on the next phase of our corporate journey as part of our natural progression towards elevating our corporate profile and broadening our visibility amongst the investment community by tapping into the capital markets.
"As Malaysia positions itself as a global transshipment hub, our ports will increasingly play a vital role, which will require continued investments to support the nation's trade and logistics infrastructure."
MMC Ports is already a dominant force in Southeast Asia, operating four of Malaysia's five busiest ports, including two among the region's top seven in container throughput.
Globally, MMC Ports ranked fifth among private terminal operators by equity-adjusted throughput in 2023 – outperforming several global heavyweights.
From its strategic position along the Strait of Malacca, one of the world's busiest shipping lanes, MMC Ports is rapidly expanding its container and conventional cargo capacity while accelerating digitalisation and automation across its terminals.
"We are also on the lookoutfor inorganic expansion through strategic endeavours and partnerships to capitalise on the rise in global trade as well as opportunities from the relocation of manufacturing activities and regional distribution hubs and global supply chain reorganisation."
The IPO will offer up to 4.3 billion shares, equivalent to 30 per cent of MMC Ports' issued capital of about 14.2 billion shares – making it one of the largest listings in recent years on Bursa Malaysia.
Of these 4.3 billion shares, 284.8 million shares have been earmarked for the Malaysian public, while another 1.3 million shares will be made available to the directors of MMC Ports and key senior management of MMC Ports and its subsidiaries.
The remaining balance of up to 4 billion shares will be allocated to Malaysian and foreign institutions as well as selected investors.
The IPO is backed by a heavyweight syndicate of local and international banks. CIMB Investment Bank Bhd is the principal adviser, joint global coordinator, joint bookrunner, sole managing underwriter and joint underwriter for this IPO exercise.
The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, is also the joint global coordinator and joint bookrunner.
AmInvestment Bank Bhd, Bank Muamalat Malaysia Bhd, CGS International Securities Malaysia Sdn Bhd, CLSA Ltd, CLSA Securities Malaysia Sdn Bhd, Jefferies Singapore Limited, Kenanga Investment Bank Berhad, Maybank Investment Bank Bhd and RHB Investment Bank Bhd are the joint bookrunners.
Source: https://www.nst.com.my/business/corporate/2025/09/1279285/mmc-ports-prepares-one-malaysias-largest-ipos-bttv
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