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KUALA LUMPUR: Boustead Plantations Bhd plans to issue 580 million new shares to retail and institutional investors under its proposed listing on the Main Market of Bursa Malaysia.
PETALING JAYA: Boustead Plantations Bhd registered a 1405% surge in net profit at RM562.42mil for the third quarter ended September 30, 2017, from the previous corresponding quarter. This was on the back of an exceptional disposal gain on plantation asset amounting to RM554.9mil during the period under review.
PETALING JAYA: Boustead Plantations Bhd turned in a net profit of RM50.29mil for the fourth quarter ended Dec 31 from a net loss of RM975,000 a year ago
PETALING JAYA: Boustead Plantations Bhd is looking to sell more of its land as it seeks to hive off “non performing assets.”
PETALING JAYA: Boustead Plantations Bhd will launch its initial public offering (IPO) next week, amid a recent slump in crude palm oil (CPO) prices that may dampen investor demand for the oil palm grower.
PETALING JAYA: Boustead Plantations Bhd (BPB), as part of its ongoing exercise to unlock value, has entered into a conditional share sale agreement with Permodalan Darul Ta’zim Sdn Bhd (PDT) for the proposed disposal of BPB’s 76.1% equity interest in Boustead Sedili Sdn Bhd for a total cash consideration of RM60mil.
KUALA LUMPUR: Boustead Plantations Bhd chief executive officer (CEO) Chow Kok Choy, a veteran planter, will retire on July 31 after 48 years with the group.
KUALA LUMPUR: Boustead Plantations Bhd (BPB) has announced a slew of appointments to its to its board effective July 22.
PETALING JAYA: Declining palm product prices and lower production resulted in a RM22.24mil net loss for Boustead Plantations Bhd in its second quarter ended June 30, compared to a net profit of RM10.78mil in the previous corresponding quarter.
PETALING JAYA: Boustead Plantations Bhd will invest RM250mil over the next 10 years for replanting exercises and building new infrastructure at estates in Sabah that it is buying from DutaLand Bhd.