Boustead forks out more money for Irat

Boustead’s move will see it and parent LTAT jointly managing the AES.

PETALING JAYA: Boustead Holdings Bhd has made a capital injection of RM199mil for its proposed acquisition of 50% or 93.33 million shares in Irat Properties Sdn Bhd, which controls the automated traffic enforcement system (AES).

Boustead’s parent Lembaga Tabung Angkatan Tentera (LTAT) and Irat Holdings Sdn Bhd already hold 49.17% and 0.83% stakes in Irat Properties respectively.