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Beginning
December
7,
1993,
Penang
Port
Sdn
Bhd,
a
government
firm
owned
by
the
Ministry
of
Finance,
took
over
all
facilities
and
services
from
the
Penang
Port
Commission
which
is
now
a
regulatory
body.
Under
the
government's
privatisation
policy,
the
share
in
PPSB
will
be
sold
to
the
private
sector
although
the
government
is
expected
to
hold
a
golden
share.
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