LTAT’s dilemma

For LTAT, Boustead and Affin Bank alone (in which LTAT owns a direct 35% stake in) make up half of its entire portfolio. Hence the plans it has on any restructuring of Boustead will be crucial to LTAT’s fortunes.Any decision though, will be a tough one to make.

LEMBAGA Tabung Angkatan Tentera (LTAT) is likely in a quagmire on how to deal with its prized jewel namely Boustead Holdings Bhd.

The latter is an asset-rich but cash flow-stricken and debt-laden conglomerate, involved in businesses ranging from plantations to pharmaceuticals and from properties to heavy industries.