KUALA LUMPUR, August 6, 2008 – In a strategic move that is aimed at enhancing unitholders value, Al-Hadharah Boustead REIT (REIT) intends to increase its plantation size from 12,000 hectares to 16,000 hectares with the acquisition of two more plantations, namely the Bebar and Malakoff estates in Pahang and Penang respectively. Both estates will have…
KUALA LUMPUR , July 18, 2008 – Boustead Holdings Berhad (BHB) is on course with its plan to successfully complete its privatisation of Boustead Properties Berhad (Boustead Properties). This significant corporate exercise is part of the Group’s effort to streamline and drive the Group’s growth. As of 5.00pm, 17 July, 2008, BHB is in control…
KUALA LUMPUR , June 26, 2008 – Boustead Holdings Berhad (BHB) is on course with its plans to strengthen its earnings potential with the voluntary take-over of Boustead Properties Berhad (Boustead Properties). At its Extraordinary General Meeting today, BHB will seek the approval of its shareholders to take up the voluntary offer for the remaining…
KUALA LUMPUR , April 3, 2008 – With strong contributions from Boustead Holdings Berhad’s Plantation and Heavy Industries Divisions, the Group achieved record-breaking profits for its financial year ended December 31, 2007. Given its track record and constantly surpassing expectations, the Group once again outperformed its targets for the year. Boustead marked an 115% increase…
KUALA LUMPUR , May 20, 2008 – Boustead Holdings Berhad (Boustead) continued its sterling performance into the first quarter of its financial year 2008 with a profit before tax of RM234 million on the back of turnover of RM1.8 billion. This represented a 91% increase in turnover and an outstanding rise in profit before tax…
KUALA LUMPUR, May 16, 2008 – Boustead Heavy Industries Corporation (BHIC) continues to strengthen its reputation as one of the leading participants in the maritime sector by having successfully secured two construction contracts worth RM205 million today. The contracts for the construction of 2 separate 111m Accommodation Work Barges were signed between Boustead Penang Shipyard…
KUALA LUMPUR , May 15, 2008 – Boustead Holdings Berhad (BHB) today announced its proposed take-over offer for Boustead Properties Berhad (Boustead Properties). With this significant corporate exercise, minority shareholders of Boustead Properties can expect to gain a handsome premium for their equity due to the offer put forward by BHB. Under this proposed voluntary…
KUALA LUMPUR, 5 May 2008 – Staying on a positive course after its successful turnaround, Boustead Heavy Industries Corporation Berhad (BHIC) is poised to deliver continued growth in its current financial year. For its first quarter ended 31 March 2008, the BHIC Group recorded a profit before tax of RM31.8 million on the back of…
KUALA LUMPUR ,April 2, 2008 – Boustead Heavy Industries Corporation Berhad (BHIC) registered profit before tax of RM82.1 million (before exceptional gains of RM392.8 million due to the waiver from financial institutions pursuant to its restructuring scheme) for its financial year ended 31 December 2007. This is a significant improvement from the previous year’s loss…