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INSTITUTIONAL Fund Lembaga Tabung Angkatan Tentera (LTAT) will be paying out 7% dividend and 3% bonus, involving RM315.9mil, to its contributors this year, Defence Minister Datuk Seri Mohd Najib Tun Razak said.
BOUSTEAD Holdings Bhd expects shops at its flagship retail project, I>The Curve/I>, in Mutiara Damansara to be fully taken up by the end of this year, in good time for its grand opening in mid 2004, according to chairman Gen (R) Tan Sri Mohd Ghazali Che Mat.
The recent restructuring scheme is expected to bear fruit as the new company would have a steady flow of income from PSC Asset Holdings' 21-storey, Menara PSCI in Penang.
DATUK Ghazali Mohd Ali, executive director of SCB Developments Bhd, sees SCB as the chilli padi of the property industry.
MANY property developers are having a hard time with their bottom lines these days but SCB Developments Bhd is one exception.
IT IS perhaps with big dollops of artistic licence that a company which has been experiencing an erratic growth track record over the past five years and suffered a loss in 2001 should fashion itself as #147;one of Malaysia#146;s fastest growing corporations#148;.
BOUSTEAD Holdings Bhd has swung back to profitability with a pre-tax profit of RM155mil on turnover of RM983mil for the financial year ended Dec 31, 2002. It had posted a RM15mil pre-tax loss and RM1.024bil turnover in 2001.
BOUSTEAD Holdings Bhd has made a proposed voluntary offer to acquire the remaining 54.2 million shares or 43.5% of the issued and paid-up share capital in Kuala Sidim Bhd it does not already own for RM325mil or RM6 per share.
Liew Lai Jing writes on Magnum, YTL Power, Malayan Cement. SCB Development and FN.
BOUSTEAD Holdings Bhd has joined the growing list of parent corporations eager to convert their listed subsidiaries into wholly-owned entities.