Latest Breaking News On - ஆயின் ஹ்வ்யாஂக் முதலீடு வங்கி ப்ட் - Page 1 : vimarsana.com

AFTER two deadline extensions, Lembaga Tabung Angkatan Tentera (LTAT) has decided to take its listed flagship group Boustead Holdings Bhd private, say sources. The armed forces fund has until Feb 2 to make up its mind on the proposed privatisation. Sources with knowledge of the matter tell The Edge that instead of LTAT making a general offer, the privatisation of its 59.43%-owned subsidiary Boustead can be done via a selective capital reduction and repayment (SCR) exercise. The armed forces fund is also likely to raise its indicative price of 80 sen per share that was proposed in May last year. “The offer price could potentially be more than 90 sen per share, or maybe even RM1 per share, taking into account the fact that the value of Boustead’s stakes in three public-listed companies Boustead Plantations Bhd (57.42%), Pharmaniaga Bhd (55.93%) and Affin Bank Bhd (20.73%) have increased over the past few months,” says a source.

Amrin awaluddinLembaga tabung angkatan tenteraPharmaniaga bhdTabung angkatan tenteraMovement control orderAffin bank bhdAffin hwang investment bank bhdInvestment bank bhdBoustead heavy industries corp bhdSecurities commission malaysiaBoustead holdings bhdAffin bankBoustead plantations bhdBoustead plantationsBursa malaysiaTabung angkatan tentera act