<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on September 14, 2018</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Westports Holdings Bhd is buying a parcel of land below sea, measuring 154.2 hectares, off Pulau Indah in Selangor from Perbadanan Kemajuan Negeri Selangor (PKNS) for RM116.19 million cash.</p></div>

<div class=newsTextDataWrapInner><p>Westports said the land will be used to expand the container terminals as the current preliminary port design for Container Terminal 10 to Container Terminal 19 requires additional land acreage to accommodate new wharf and container yard space to facilitate the effective operations of the new container terminals.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The utilisation of the proposed land for terminal expansion would be possible only after land reclamation has been carried out. Westports has implemented land reclamation process at its existing Container Terminal 6, 7, 8 and 9,” it said in a filing with Bursa Malaysia today.</p></div>

<div class=newsTextDataWrapInner><p>Westports said its wholly-owned subsidiary Westports Malaysia Sdn Bhd has today entered into a sale and purchase agreement with PKNS to acquire the leasehold land, whose lease expires on Aug 14, 2101.</p></div>


KUALA LUMPUR: Westports Holdings Bhd is buying a parcel of land below sea, measuring 154.2 hectares, off Pulau Indah in Selangor from Perbadanan Kemajuan Negeri Selangor (PKNS) for RM116.19 million cash.

Westports said the land will be used to expand the container terminals as the curre...

Westports buys land below sea from PKNS to expand terminal

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KomarkCorp, Topmix, PavREIT, Axis REIT, KIP REIT, Cypark, Crest Builders, Capital A, Gadang, Haily, DXN, Inta Bina, Comfort Gloves, AHB

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<p>Chin Hin Group Bhd’s conditional mandatory takeover offer to acquire the remaining shares it does not own in Signature International Bhd has turned unconditional, after it aggregated more than 50% of the voting shares.</p>


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<p>The fatal collision between two Royal Malaysian Navy helicopters that killed 10 personnel abroad could be due to a failure in the critical points of the aircraft structure, aviation expert Assoc Prof Maj Dr Mohd Harridon Mohamed Suffian said.</p>


Critical point failure could’ve led to fatal Lumut chopper crash, says expert

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