Boustead and LTAT taking over AES ops

Boustead says Miros studies show a decay rate in accident-prone areas where AES is installed, demonstrating a drop in fatal accidents and lower summons volumes.

Both will own a combined stake of 99.17% in Irat Properties

KUALA LUMPUR: Conglomerate Boustead Holdings Bhd and Lembaga Tabung Angkatan Tentera (LTAT) are taking over the controversial automated traffic enforcement system (AES) operations in Malaysia by acquiring a 50% stake in Irat Properties Sdn Bhd.