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PETALING JAYA: CIMB Islamic Trustee Bhd and Boustead Plantations Bhd filed a writ of summons and a statement of claim on Setia Fontaines Sdn Bhd on Dec 28, 2018.
KUALA LUMPUR: Tan Sri Che Lodin Wok Kamaruddin is stepping down as the group managing director of Boustead Holdings Bhd.
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.
PETALING JAYA: Boustead Holdings Bhd plans to sell more non-core assets on top of the RM500mil disposals targeted for this year as the diversified group seeks to raise funds and pare down its debts. Group managing director Tan Sri Lodin Wok Kamaruddin said the reduction of debt of RM8.2bil was the group’s main priority.
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.
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.
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.
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.