MMC Corporation Berhad is eyeing a stake in Suria Capital Holdings Berhad (KLSE:SURIA) for its exposure to East Malaysia ports, sources told The Edge. They say the move stems from the group's desire to have exposure to these ports prior to the flotation of its unit, MMC Port Holdings Sdn Bhd, on Bursa Malaysia. MMC was delisted from the stock exchange on December 16, 2021.

It did not reply to a request for comment and Suria Capital is unlikely to be able to comment, considering that the proposed acquisition by MMC is likely to be at the shareholding level.