Port of Penang sold because it is profitable?

Questions Malaysians are asking:

1. Why should a profit making port be privatized?
2. Isn't selling the people's asset to private individuals a move in making someone else rich at the expense of the people?

• Penang Port’s good health raises more questions over privatisation 2012-06-23 
• MP warns Parliament of exposure to Syed Mokhtar’s mounting debt 2012-06-20
• Chua Soi Lek has sold the rights of the Penang Port 2012-06-15