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An MBO on the cards at Boustead?

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.

Boustead exits University of Nottingham Malaysia, sells controlling 66% stake for RM137mil

KUALA LUMPUR (Aug 17): Conglomerate Boustead Holdings Bhd is exiting its venture in the University of Nottingham Malaysia (UNM) by selling its 66.41% controlling stake in the UNM and the campus in Semenyih, Selangor for £23.5 million (approximately RM137 million) to University of Nottingham, United Kingdom.

Virtual Banking: Bank Negara Malaysia Receives 29 Digital Banking License Applications, Up to 5 Will be Issued

Virtual Banking: Bank Negara Malaysia Receives 29 Digital Banking License Applications, Up to 5 Will be Issued
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