DescriptionClarification On News Article Appearing In The Edge Markets Titled Boustead Holdings Sues Former Chairman, Ex-MD And Four Former Directors For £6.4 Million

Reference is made to the news article titled “Boustead Holdings sues former Chairman, ex-MD and four former Directors for £6.4 million” appearing on the online news portal of The Edge Markets dated 11 August 2020.


The Board of Directors of Boustead Holdings Berhad wishes to clarify that a writ has indeed been filed on 29 June 2020 against the following persons, for a claim of up to £6.4 million or other sum deemed fit by the Court, for breaching their fiduciary obligations as Directors under the Companies Act 1965.  The writ is yet to be served.

  1. Mohd Ghazali Haji Che Mat
  2. Che Lodin Wok Kamaruddin
  3. Megat Abdul Rahman Megat Ahmad
  4. Azzat bin Kamaludin
  5. Ghazali bin Mohd Ali
  6. Tan Leh Kiah

Announcement on the development of the above matter will be made in due course.


This announcement is dated 11 August 2020.


Announcement Info

Stock NameBSTEAD
Date Announced11 Aug 2020
CategoryGeneral Announcement for PLC
Reference NumberGA1-11082020-00114