KUALA LUMPUR, Sept. 27 -- MMC Port Holdings Bhd has received regulatory approval for its proposed listing on Bursa Malaysia's Main Market.

The company has up to six months to complete its initial public offering (IPO), which will consist entirely of existing shares.

According to The Edge, MMC Port will not receive proceeds from the IPO, as the sale involves shares held by its parent company, MMC Corporation Bhd.

"We are looking forward to embark on the next phase of our corporate journey as part of our natural progression," said MMC Ports chief executive officer Datuk Azman Shah Mohd Yusof in a statement on Tuesday.

MMC Port, Malaysia's largest container port operator, manages six major ports nationwide - Port of Tanjung Pelepas, Joho...