Boustead Naval Shipyard gets RM2bil loan


PETALING JAYA: Boustead Holdings Bhd's subsidiary Boustead Naval Shipyard Sdn Bhd (BNS) has obtained financing facilities of up to RM2.06bil, which is a part of an overall syndicated facilities amounting to RM5.56bil.

The funding facilities are for the construction of six second-generation patrol vessels with combat capabilities for the Royal Malaysian Navy, following the contract awarded to BNS by the Defence Ministry.

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