Cutting borrowings: Boustead Holdings property division director Datuk Ghazali Mohd Ali (left) and Lodin at the AGM. The group aims to bring down its gearing to 0.9 times by the end of the year from 1.1 times now.
PETALING JAYA: Boustead Holdings Bhd plans to sell more non-core assets on top of the RM500mil disposals targeted for this year as the diversified group seeks to raise funds and pare down its debts.
Group managing director Tan Sri Lodin Wok Kamaruddin said the reduction of debt of RM8.2bil was the group’s main priority.
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