PETALING JAYA: Boustead Holdings Bhd will be going ahead with its privatisation of Boustead Heavy Industries Corp
Bhd (BHIC), with the latter’s board anticipated to table a proposed selective capital reduction and repayment exercise at 48 sen per share for shareholders' approval.
In a filing with Bursa Malaysia, BHIC said its non-interested directors have resolved to present the proposal at an EGM and specialised class meetings for preference shareholders.
