KUCHING: Bintulu Port Sdn Bhd (BPSB) has secured a further 12-month extension to continue operating Bintulu Port in 2026.
In a filing with Bursa Malaysia, Bintulu Port Holdings Bhd said BPSB has entered into a fourth interim agreement with the federal government—represented by the Transport Ministry Malaysia—and the Bintulu Port Authority. The agreement formalises a 12-month interim operating period from Jan 1 to Dec 31, 2026.
The company said the parties are currently finalising the terms of a port operation agreement for the formal appointment of BPSB as the port operator.
In a separate development, Kim Loong Resources Bhd has entered into a share sale agreement with Kim Loong Mills (Sarawak) Sdn Bhd (KLMS) to acquire a 75% equity interest for RM10 million in cash.
Following the acquisition, Kim Loong Resources, as a new shareholder, entered into a shareholders’ agreement on Dec 22 with Ukurbina Era Sdn Bhd and its 75 per cent-owned subsidiary, KLMS, to govern shareholders’ rights and obligations, including matters relating to management and operations.
KLMS owns 12 adjoining freehold mixed-zone vacant land parcels totalling 51.731 hectares in Lachau, Pandu, Sarawak, which are intended for the construction of a palm oil mill.
Kim Loong Resources said the acquisition aligns with its long-term strategy to establish a palm oil mill in Sarawak to support nearby plantations, noting that securing a suitable site for palm oil milling in the state remains challenging.
