MMC Corp Bhd has reportedly put a halt to its plans to list its port business on the Bursa Malaysia Main Market. The company has instructed its financial advisors to cease work related to the proposed initial public offering (IPO). The listing was projected to potentially raise US$2 billion. Details regarding the reasons behind the suspension remain unclear at this time. This decision impacts the planned separation of MMC’s port assets into a publicly traded entity. The move follows a period of preparation for the IPO, suggesting a shift in strategy for the conglomerate. Further updates regarding the future of the listing will be closely watched by investors.