PETALING JAYA: Tanco Holdings Bhd
plans to undertake an “infrastructure listing” of its subsidiary, which is building a RM2bil smart container port in Port Dickson.
In a statement yesterday, Tanco said it will be seeking permission from relevant authorities to float Midports Holdings Sdn Bhd, a 79%-owned unit of Tanco, on Bursa Malaysia in due course.
Midports, via a tie-up with the Negri Sembilan state government, will build the port – dubbed as Malaysia’s first artificial intelligence (AI) port – on Tanco’s 480-acre landbank.
The site, located at the midway of the Straits of Malacca, features a natural deep water access with more than 21 m in depth and is capable of accommodating the largest container ships globally.
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