The race is on to grab Penang Port Sdn Bhd from public ownership as the spotlight falls on private corporations expressing interest. But is serious consideration being given to the Penang state government’s interest in taking over the port?
At first it was reportedly just Syed Mokhtar Al-Bukhary and parties close to him. Now, the Edge reports that another consortium has entered the picture: Oriental Pearl Harbour Sdn Bhd.
Oriental Pearl Harbour has apparently submitted a preliminary proposal to the federal government. Its directors are Rosli Abdul Latif and Mohd Ramli Abu Bakar, a former Navy chief. No information on shareholders or accounts is available as the company was only registered this month.
The latest Edge makes no mention of the Penang state government’s interest in taking over the port.
