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Business

Boustead formalises RM1.17bil contract

PETALING JAYA: Boustead Heavy Industries Corp Bhd (BHIC), a subsidiary of Boustead Holdings Bhd, has formalised the RM1.17bil contract to build four littoral mission ships for the Royal Malaysian Navy (RMN) in collaboration with a Chinese shipyard.

Business

Boustead to acquire LTAT land for RM172.8mil

PETALING JAYA: Conglomerate Boustead Holdings Bhd has proposed to acquire two plots of land held by the Armed Forces Fund Board (LTAT) in Bukit Jalil for a total cash consideration of RM172.78mil.

Property

Boustead posts lower second-quarter net profit

PETALING JAYA: Boustead Holdings Bhd posted a net profit of RM2.9mil for the second quarter ended June 30, compared with RM34.6mil a year earlier on lower contribution from pharmaceutical, property and heavy industries divisions, while minority interests rose.

Business

Boustead investing RM60m in latest hotel in Penang

Boustead Holdings Bhd is investing RM60mil in its sixth Royal Bintang Hotel which is being built in Penang and plans to have the seventh in Cherating, Pahang in two years.

Business

BHIC secures RM515m jobs from Boustead Naval Shipyard

Boustead Heavy Industries Corp. Bhd (BHIC) has accepted two contracts from Boustead Naval Shipyard Sdn Bhd (BNS) for two projects under the littoral combat ships programme.

Business

Boustead profit down to RM66.7mil

PETALING JAYA: Boustead Holdings Bhd’s net profit fell to RM66.7mil in the first quarter ended March 31 from RM99.9mil a year ago, dragged down by the lacklustre performance of its heavy engineering and property divisions.

Business

Analysts give higher valuations for Icon and Boustead Plantations

PETALING JAYA: Analysts have given higher valuations for Icon Offshore Bhd and Boustead Plantations Bhd, which are scheduled for listing on Bursa Malaysia’s main market on June 25 and June 26 respectively.

Business

Boustead awards job

PETALING JAYA: Boustead Holdings Bhd’s subsidiary has issued a letter of award valued at 63.078 million euros (RM261.92mil) to Contraves Advanced Devices Sdn Bhd.

Business

Boustead Plantations to hive off ‘non-performing’ assets

PETALING JAYA: Boustead Plantations Bhd is looking to sell more of its land as it seeks to hive off “non performing assets.”

Business

Boustead bags defence contract

PETALING JAYA: Boustead Heavy Industries Corp Bhd’s associate company, Boustead Naval Shipyard Sdn Bhd, has received a contract from the Defence Ministry worth RM44.77mil.