BOUSTEAD Properties Bhd, the property arm of diversified group Boustead Holdings Bhd, is planning to redevelop the eCurve mall in Mutiara Damansara, Petaling Jaya, into a high-rise residential development that supports multigenerational living.
KUALA LUMPUR: Boustead Plantations Bhd’s (BPB) net profit rose 51 per cent to RM73.22 million in the second quarter (Q2) ended June 30, 2022, from RM48.38 million in the same quarter last year.
KUALA LUMPUR: Boustead Plantations Bhd’s (BPB) subsidiary, Boustead Agro Plantations Sdn Bhd, has signed a document of understanding (DoU) with Pertubuhan Peladang Kawasan Kuala Langat (PPKKL) to venture into sustainable and technology-driven commercial crop market.
THE senior management of Boustead Holdings Bhd, led by managing director Datuk Seri Mohammed Shazalli Ramly, is understood to be exploring the possibility of a management buyout (MBO) of the diversified conglomerate that owns a bank, a pharmaceutical company and oil palm plantations, among others, say two sources familiar with the matter. “It’s being talked about, I am sure. From what I know, the biggest obstacle is obtaining funding [for the MBO endeavour]. It has been sorted out, so there is a possibility it [the MBO] could happen,” says one of them.
KUALA LUMPUR: Boustead Plantations Bhd’s net profit surged to RM435.16mil in the first quarter ended March 31, against RM12.22mil a year ago on disposal gain and higher palm product price.