Boustead Group Signs Corruption-Free Pledge

KUALA LUMPUR, January 11, 2018 – Boustead Holdings Berhad (BHB) recently took a stand in the fight against corruption, as the Group and its subsidiary companies signed the Malaysian Anti-Corruption Commission’s (MACC) Corruption-Free Pledge.

Over 600 people comprising top management of the Boustead Group, key personnel and staff attended the signing ceremony at The Royale Chulan Kuala Lumpur.

Led by YBhg Tan Sri Dato’ Seri Lodin Wok Kamaruddin, Deputy Chairman/Group Managing Director of BHB, all those present took an oath to shoulder the responsibility of the Corruption-Free Pledge and combat corruption at all levels of the organisation. This was followed by a signing of the pledge by the principal officers of the Group’s various subsidiaries. The ceremony was witnessed by Dato’ Shamsun Baharin Mohd Jamil, Deputy Chief Commissioner (Prevention) of the MACC.

BHB’s participation in MACC’s Corruption-Free Pledge is a reflection of its commitment to ensure good corporate governance and uphold the Group’s core values of respect, integrity, teamwork and excellence, as well as supporting the Government’s call to cultivate a corruption-free nation.

Since its inception as a modest trading entity more than 180 years ago, the Boustead Group has grown by leaps and bounds to comprise more than 90 subsidiaries, associate companies and joint ventures, and has substantial interests in various sectors of the Malaysian economy. The Boustead Group’s operations are focused in six key areas; plantation, heavy industries, property, finance & investment, trading & industrial and pharmaceutical. As at 30 September 2017, Boustead Holdings Berhad’s paid-up capital was RM2.7 billion while its shareholders’ funds stood at RM5.9 billion. Market capitalisation is currently in the region of RM6.1 billion.

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