Boustead Holdings To Privatise UAC Berhad
KUALA LUMPUR, May 21, 2012 – Boustead Holdings Berhad (BHB) today announced its intention to privatise UAC Berhad (UAC) by way of a Proposed Selective Capital Reduction and Repayment Exercise (Proposed SCR) and a Proposed Dividend by UAC (collectively referred to as the Proposals). BHB currently holds 65% equity interest in UAC. Pursuant to the…