| NEW STRAITS TIMES – 23 MAY 2008 (FRIDAY)
S. Korea’s KISWire set to be client of Tanjung Langsat Port
THE Tanjung Langsat Port, the third port in Johor which will soon start operations, is set to sign a land lease and berth usage deal with South Korea’s wire maker KISWire Co Ltd, its chairman says.
The new client is another major oil and gas service provider that have come to the port, following four others including Swiss-based oil trader Trafigura Beheer BV and the Technip Group of France. Malaysia’s Dialog Group and Felda Johor Bulkers have also sealed deals to use the port facility, chairman of Tanjung Langsat Port Sdn Bhd Tan Sri Muhammad Ali Hashim said.
In addition, the port operator is also in talks with a Malaysian shipping firm with regional operations, with whom, he said, a deal could be sealed this year. Others that have approached the port include Singapore companies.
“You have heard a lot about the other two ports in Johor. I believe our exciting growth will surprise everyone when we start operations in the middle of this year,” Muhammad Ali told reporters in Kuala Lumpur yesterday after signing with several bankers to raise RM385 million from the sale of Islamic bonds.
A wholly-owned subsidiary of state investment firm Johor Corp, Tanjung Langsat Port Sdn Bhd will issue RM250 million of Sukuk Musyarakah and up to RM135 million Musyarakah Commercial Papers and Medium Term Notes.
MIDF Amanah Investment Bank is the lead arranger for the bonds, while Bank Kerjasama Rakyat Malaysia and Bank Islam Malaysia are also underwriting the papers. |
