LTAT to acquire remaining shares in Boustead Plantations

KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) has issued a notice on unconditional mandatory takeover offer for all the remaining shares in Boustead Plantations Bhd (BPlant) that are not already held by LTAT for a cash price of RM1.55.

In a statement today, LTAT said the exercise was taken after the signing of the unconditional share sale agreement with Boustead Holdings Bhd (BHB) to acquire 739,199,966 BPlant shares representing approximately 33 per cent of the total issued shares of BPlant.