Boustead shareholders approve Al-Hadharah privatisation

KUALA LUMPUR: Shareholders of Boustead Holdings Bhd has approved the privatisation of the Al-Hadharah Boustead REIT, which would pave the way to consolidate the group's plantation business under an enlarged Boustead Plantations Bhd.

"Given our track record in the plantation sector coupled with the expertise that we have in hand, we are optimistic that the next few years will be exciting for the group," said group managing director Tan Sri Lodin Wok Kamaruddin.