KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT), the controlling shareholder of Boustead Holdings Bhd, has dropped its plan to delist the company, citing Covid-19 challenges.
"In light of the prolonged challenging economic environment arising from the Covid-19 outbreak and the reimplementation of the movement control order, alongside heighten risks and increased uncertainties to successfully complete the proposal, LTAT has decided not to proceed with the proposal at this juncture," LTAT said in a statement today.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
