Malaysia Daily Media Highlights

MMCCORP: PTP Open to foreign stake/Malakoff bidding for Pakistan Power Plant Job
MMCCORP’s 70% owned subsidiary, Port of Tanjung Pelepas (PTP) says it remains open to selling a part of its equity to foreign entities if it makes commercial sense. However, unconfirmed sources told the BT that talks between PTP and the Port of Singapore Authority (PSA) were called off as one of the conditions was for PSA International to shift half of its container business from Singapore to PTP. (BT)

In other news, Malakoff, MMC’s 22% owned subsidiary, is expected to know by the end of next week whether it has secured a Pakstan power plant construction and management contract worth as much as US$300m. The contract value is believed to be just for the construction of a 1000MW coal fired plant near Karachi while the winner of the bid will have to negotiate tariff terms with the Pakistan government. (BT)

Pos Malaysia: Shareholder Khazanah plans capital repayment
Pos Malaysia & Services Holdings said its biggest shareholder, Khazanah Nasional plans to restructure the group and implement a capital repayment. Khazanah is proposing a “restructuring of the group and a material capital repayment in cash to its shareholders,” Pos Malaysia said today. The proposal will be deliberated at a board meeting on Oct 31, it said, without giving more details. (Bloomberg)