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AFTER incurring three consecutive years of net losses, Boustead Holdings Bhd, which is majority owned by the Armed Forces Fund Board (LTAT), still continues to find itself in turbulent waters.
LEMBAGA Tabung Angkatan Tentera (LTAT), which scuttled the potential privatisation of Boustead Holdings Bhd, said the change of events were the primary reason why it abandoned the takeover deal.
KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) decided to scrap the privatisation of Boustead Holdings due to prolonged uncertainties of Covid-19 pandemic and its effects on the key business and also the littoral combat ships (LCS) issue.
Firm to focus on value creation upon privatisation lapse
KUALA LUMPUR: Chip makers and tech-related stocks held on to most of their gains at the close on Wednesday as sustained interest was buoyed by the strong demand for chips.
KUALA LUMPUR: Blue chips rose in early Wednesday trade amid a steady broader market after foreign funds stepped up their buying the previous day.
KUALA LUMPUR: Shares of Boustead Holdings Bhd tumbled over almost 17% in early trade Wednesday after Lembaga Tabung Angkatan Tentera (LTAT) called off its plan to take the former private.
KUALA LUMPUR: Boustead Holdings Bhd, Bursa Malaysia Bhd, Bintai Kinden Corp Bhd, TCS Group Holdings Bhd, Willowglen MSC Bhd and T7 Global Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.