TypeAnnouncement
SubjectOTHERS
DescriptionBOUSTEAD HOLDINGS BERHAD’S CLARIFICATION ON NEWS ARTICLE TITLED “BOUSTEAD NAVAL SHIPYARD TO REACH SETTLEMENT WITH CAD AND CED, ACCORDING TO TERM SHEET” BY THE EDGE MALAYSIA

We refer to the news article titled “Boustead Naval Shipyard to reach settlement with CAD and CED, according to term sheet” which appeared in The Edge Malaysia newspaper dated 17 April 2023.

 

We wish to clarify that any legal agreement or settlement reached between Boustead Holdings Berhad’s subsidiary Boustead Naval Shipyard Sdn Bhd and CAD/CED is part of BNS commercial arrangement with its suppliers.

 

The Company will release the necessary announcements in a timely manner to Bursa Malaysia Securities Berhad should there be any material information which falls under the Main Market Listing Requirements.

 

This announcement is dated 18 April 2023.

 


Announcement Info

Company NameBOUSTEAD HOLDINGS BERHAD
Stock NameBSTEAD
Date Announced18 Apr 2023
CategoryGeneral Announcement for PLC
Reference NumberGA1-18042023-00049