Divestment may work well for us: Westports

[PETALING JAYA] Westports Holdings Bhd is not surprised by the rumour that Khazanah Nasional Bhd may divest its entire 4.74 per cent stake in the port operator, and is taking the news positively as an avenue to increase its free float, said chief executive officer Ruben Emir Gnanalingam.

Malaysia's The Star daily reported on Monday, quoting a source, that Khazanah was looking to cash out with quite a handsome gain from Westports and intended to place out its shares to other funds.

Mr Ruben, however, was not able to confirm this, as Khazanah had not communicated the matter as at Monday.