LTAT makes voluntary offer to take Boustead Holdings private

LTAT is expected to spend about RM700mil for the takeover.

PETALING JAYA: The Armed Forces Fund Board, also known as Lembaga Tabung Angkatan Tentera (LTAT), has made a voluntary takeover offer for all shares it does not already own in Boustead Holdings Bhd (BHB) for 85.5 sen per share.

Based on the number of outstanding shares of 822.51 million or 40.58% of BHB, LTAT is expected to spend RM703.25mil in the takeover.