Bintulu port to compete with PSA for IPO dollars

Bintulu Port Holdings IPO plans could divert attention from rival PSA.

Bintulu Port Holdings, which operates the Bintulu port in eastern Malaysia, plans to list its shares for the first time on the Kuala Lumpur Stock Exchange, a move analysts say may be as much about distracting attention from the planned listing of Singapore's PSA Corp. as about raising money for itself.

State-owned Bintulu plans to sell 100 million new shares at RM$2.00, while Minister of Finance Inc., the government holding company that owns Bintulu, plans to sell 136...

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