Boustead said to mull options for palm oil unit

Boustead Plantations is a core contributor to the group’s performance, however the company is continuously on the lookout to unlock value within the group, they said.

KUALA LUMPUR: Boustead Holdings Bhd is weighing options for its listed palm oil subsidiary including a sale, people with knowledge of the matter said.

The parent of Boustead Plantations Bhd. is working with an adviser on the potential options, the people said, asking not to be named as the information is private.