Westports Receives Govt Approval For Container Terminal Expansion
August 25, 2017 19:41 PM
KUALA LUMPUR, Aug 25 (Bernama) -- Westports Holdings Bhd's subsidiary, Westports Malaysia Sdn Bhd, has received an Approval-in-Principle (AiP) from the government to expand its container terminal facilities from CT10 to CT19, which is an extension from the current CT1 to CT9 development.
"With the AiP, the company will now commence and undertake the various studies required before finalising the terms and conditions with the government," said Westports in a filing to Bursa Malaysia today.
Westports also said quarterly updates on the proposed expansion would be provided to ensure fair disclosure to all its shareholders and stakeholders.