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Corporate News 09 Jan 2019 | 12:00 AM

Boustead Plantations files suit over RM37.2mil GST refund

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.

Corporate News 30 Nov 2018 | 10:49 AM

Lodin stepping down from Boustead, BHIC, Pharmaniaga

KUALA LUMPUR: Tan Sri Che Lodin Wok Kamaruddin is stepping down as the group managing director of Boustead Holdings Bhd.

Corporate News 24 Mar 2017 | 12:00 AM

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 20 Dec 2016 | 12:00 AM

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.

Business 05 Apr 2016 | 12:00 AM

Boustead plans selling non-core assets to reduce RM8.2bil debt

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.

Property 25 Aug 2015 | 12:00 AM

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 22 Mar 2013 | 12:00 AM

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 22 Apr 2013 | 12:00 AM

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 27 May 2014 | 12:00 AM

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 05 Jun 2014 | 12:00 AM

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.