KUALA LUMPUR: Tycoon Tan Sri Syed Mokhtar Al-Bukhary’s MMC Port Holdings Sdn Bhd has approached prospective bidders for a minority stake in the company, according to sources, after postponing an initial public offering last year.

Malaysia’s biggest port operator has reached out to other Asian businesses and infrastructure-focused funds to gauge preliminary interest in a transaction, the people said, asking not to be identified because the information is private.