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Khaled Nordin resigns as Boustead chairman

JOHOR BARU: Datuk Seri Mohamed Khaled Nordin has tendered his resignation as Boustead Holdings Bhd chairman.
The Umno vice-president and former Johor mentri besar said Umno had made a resolution to retract support for Prime Minister Tan Sri Muhyiddin Yassin and the Perikatan Nasional government and he would abide by the decision.
I hereby announce my resignation as the non-independent non-executive chairman of Boustead Holdings Bhd effective Thursday (Aug 5).
This is to take my responsibility as a party member who will continue to abide by and respect any decision and ruling of the party, he said in a Facebook post on Wednesday (Aug 4). ....

Muhyiddin Yassin , Mohamed Khaled Nordin , Lembaga Tabung Angkatan Tentera , Perikatan Nasional , Ahmad Zahid Hamidi , Shamsul Anuar Nasarah , Pertuan Agong , Boustead Holdings Bhd , Boustead Holding , Datuk Seri Mohamed Khaled Nordin , Prime Minister Tan Sri Muhyiddin Yassin , Datuk Seri Dr Shamsul Anuar Nasarah , Natural Resources Minister , Datuk Seri Ahmad Zahid Hamidi , மொஹாமெட் ஹேலிட் நோர்டின் , பௌஸ்டெப்கட் ஹோல்டிங்ஸ் ப்ட் , பௌஸ்டெப்கட் வைத்திருத்தல் , இயற்கை வளங்கள் அமைச்சர் ,

LTAT drops proposal to privatise Boustead Holdings

LTAT drops proposal to privatise Boustead Holdings
02 Feb 2021 / 23:27 H.
PETALING JAYA: Lembaga Tabung Angkatan Tentera (LTAT) has called off its proposed privatisation of Boustead Holdings Bhd, after taking into account the various risk factors in implementing the proposal, particularly the current challenging economic environment arising from the Covid-19 pandemic and the reimplementation of the movement control order.
The decision follows the lapse of the extension of time today afforded by the Securities Commission (SC) for LTAT to announce its firm intention on the proposal.
“Meanwhile, as a controlling shareholder of Boustead Holdings, LTAT is supportive of Boustead Holdings’ plan to actively pursue and successfully execute its turnaround plans and growth strategies. LTAT shall continue to review its options in line with LTAT’s objective to preserve and enhance the value of the assets under its portfolio and to improve the long-term return to our co ....

Malaysia General , Mohamed Khaled Nordin , Lembaga Tabung Angkatan Tentera , Mohammed Shazalli Ramly , Securities Commission , Boustead Holdings , Boustead Holdings Bhd , Boustead Holding , Datuk Seri Mohamed Khaled , Datuk Sri Mohammed Shazalli Ramly , மலேசியா ஜநரல் , மொஹாமெட் ஹேலிட் நோர்டின் , பத்திரங்கள் தரகு , பௌஸ்டெப்கட் ஹோல்டிங்ஸ் , பௌஸ்டெப்கட் ஹோல்டிங்ஸ் ப்ட் , பௌஸ்டெப்கட் வைத்திருத்தல் ,