Uncertainties forced LTAT to scrap Boustead privatisation

On Feb 2, LTAT said it decided to allow the proposal relating to the possible privatisation of Boustead to lapse as circumstances have drastically changed since it first commenced on this journey back in May 2020.

KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) decided to scrap the privatisation of Boustead Holdings due to prolonged uncertainties of Covid-19 pandemic and its effects on the key business and also the littoral combat ships

issue.