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  • Business
  • Saturday, 05 Aug 2006

> BOUSTEAD SEEKS TAKEOVER OF PSC-ND: Boustead Holdings Bhd is seeking to acquire 6.3 million RM1 shares in PSC-Naval Dockyard Sdn Bhd (PSC-ND), representing 4.85% equity interest, from KUB Malaysia Bhd for RM21.55mil. 

Boustead said in a statement the move would raise its stake in PSC-ND to 35.62% from 30.77% currently and require a general offer for the remaining shares in PSC-ND shares not already owned by Boustead and persons connected to it. – AFX-Asia 

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