Northports To Raise MYR1bn For Its Expansion


News: Malaysia-based port operator Northports is considering whether to go to the stock market or use Islamic bonds to raise MYR1bn (US$299mn) for its expansion, reports Seatrade Global. The operator will take the final decision on which financial instrument to use by October. Northports has acknowledged that it would struggle to meet its 5% growth target owing to the current economic situation.

This article is tagged to:
Sector: Freight Transport, Shipping
Geography: Malaysia, Malaysia, Malaysia, Malaysia

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