All eyes on Boustead’s asset disposal plan

Is its stake in crown jewel Affin Bank next to go?

WITH its debt at a massive RM7.5bil, it is no wonder that talk is that Boustead Holdings Bhd’s asset monetisation programme is shifting to higher gear. Word is that its crown jewel, namely, its holding stake in Affin Bank Bhd, could be next.

This week, tongues have been wagging about Boustead. The conglomerate’s share price movement is proof of that. Amidst a dour market, shares in Boustead yesterday closed 11 sen or 16% higher to 76 sen apiece.