DIVERSIFIED Boustead Holdings Bhd is one step closer towards taking its 56.5%-owned plantation subsidiary, Kuala Sidim Bhd, private following shareholders' approval at its AGM yesterday.
“Once the corporate exercise is successful, the group will be able to fully recognise the earnings potential from Kuala Sidim, which is expected to rise due to higher crude palm oil prices this year,” Boustead group managing director Datuk Lodin Wok Kamaruddin said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
