BHIC further extends conditional period in disposal of naval shipyard stake to Jan 31

KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd (BHIC) has further extended the conditional period relating to its disposal of a 20.77 per cent stake in Boustead Naval Shipyard Sdn Bhd (BNS) to the Minister of Finance (Incorporated) to Jan 31, 2024.

According to a Bursa Malaysia filing today, BHIC and the purchaser have mutually agreed to extend the third conditional period of the share sale agreement (SSA) for a further period as the parties require additional time to fulfil the conditions precedent.