Boustead is an umbrella holding company for LTAT, which controls several companies including Boustead Plantations Bhd, Boustead Heavy Industries Corp Bhd (BHIC), Affin Holdings Bhd and Pharmaniaga Bhd. It also owns the BHP chain of petrol stations.
PETALING JAYA: The Armed Forces Fund Board (LTAT) is considering taking its main investee company Boustead Holdings Bhd private at 80 sen per share, following the weak performance of the company’s share prices recently.
In a statement yesterday, LTAT said it is finalising the funding for the deal which required regulatory approvals.
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