LTAT to reduce strategic asset holdings to 35%

LTAT chief executive Mohammad Ashraf Md Radzi.

KUALA LUMPUR: The Armed Forces Fund Board (LTAT) plans to reduce its strategic asset holdings from 56% to 35% under ‘Project Earth’ over the next three years to lower exposure while retaining control.

LTAT chief executive Mohammad Ashraf Md Radzi said strategic assets currently account for 56% of the RM13.6bil under management.