|Subject||WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR|
|Description||WINDING-UP PETITION ON BOUSTEAD NAVAL SHIPYARD SDN BHD, A SUBSIDIARY OF THE COMPANY (“BNS”) BY MTU SERVICES (MALAYSIA) SDN BHD (“MSM”)|
Reference is made to the announcement dated 3 July 2020 on the receipt of a Winding-up Petition (“Petition”) by our subsidiary, Boustead Naval Shipyard Sdn Bhd (“BNS”).
The Board of Directors of Boustead Holdings Berhad (“BHB” or the “Company”) confirms that BNS is not a major subsidiary of the Company.
The Board of Directors of BHB wishes to inform that the cost of investment of BHB in BNS as at 31 December 2019 was RM386,089,932.
This announcement is dated 7 July 2020.
|Company Name||BOUSTEAD HOLDINGS BERHAD|
|Date Announced||07 Jul 2020|
|Category||General Announcement for PLC|