LTAT offers RM1.55 per share for BPlant as KLK's bid falters

KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) intends to buy out Boustead Plantations Bhd (BPlant) at an offer price of RM1.55 per share.

“The board of directors of BPlant wishes to announce that BPlant has received a letter from LTAT informing that the press release sets outs, amongst others, LTAT's intention to proceed with the general offer of BPlant at the offer price of RM1.55 per share notwithstanding the termination of the strategic collaboration agreement (SCA), subject to regulatory approvals,” BPlant said in a filing with Bursa Malaysia on Thursday.