Boustead expects crude palm oil price to fare better in the second half of this year
THE listing of Boustead Holdings Bhd’s plantation arm is set to create a top five plantation stock on Bursa Malaysia with significant upstream exposure, a sizeable and growing landbank, and a dividend payout commitment of 60%.
Its retail portion is also the largest in recent memory. The initial public offering (IPO) of Boustead Plantations Bhd
, slated for the second quarter of this year, is selling up to 656 million shares of its enlarged 1.6 billion share base, comprising 580 million new shares and 76 million existing shares under the offer for sale from its parent.
