SC gives LTAT until February to state Boustead privatisation

The Armed Forces Fund Board (LTAT) has received the approval from the Securities Commission Malaysia (SC) for a further extension of time until Feb 2, 2021.

KUALA LUMPUR: The Armed Forces Fund Board (LTAT) has received the approval from the Securities Commission Malaysia (SC) for a further extension of time until Feb 2, 2021 to announce its firm intention on the proposed privatisation of its most prized possession, Boustead Holdings Bhd (BHB).

In a statement on Tuesday, the controlling shareholder of BHB said the SC has advised that it would not grant any further extension of time beyond Feb 2, 2021.