Boustead sets June 28 for delisting from Bursa Malaysia
Last month, LTAT accumulated an over 90% stake of Boustead Holdings Bhd — reaching the threshold that paves the way for its privatisation of the company.
Last month, LTAT accumulated an over 90% stake of Boustead Holdings Bhd — reaching the threshold that paves the way for its privatisation of the company.
At present, he is also a non-independent non-executive director of Boustead Heavy Industries Bhd, as well as chairman of Boustead Naval Shipyard Sdn Bhd and Boustead Petroleum Marketing Sdn Bhd.
“With this milestone, we trust that BHB’s commercial value will be unlocked and its full potential unleashed in order to boost our assets under management, translating into better returns for our contributors, the members of the Armed Forces.
The KVDT2 project involves the replacement of existing 25-year-old railway tracks, an electrification system and an upgrade and maintenance of the facilities involving two railway tracks from Salak South to Seremban, and from Simpang Port Klang to Port Klang.
In a written parliamentary reply dated Aug 3 to Seremban Member of Parliament Loke Siew Fook which was uploaded on the Parliament website, Transport Minister Datuk Seri Dr Wee Ka Siong noted the contract cost was maintained at RM4.
PUTRAJAYA (Sept 22): The Federal Court has fixed Jan 11 next year to hear the government and transport minister's application for leave to appeal relating to a suit filed by the contractor of the Klang Valley Double Tracking Phase 2 (KVDT2) project.
KUALA LUMPUR (Aug 4): Dhaya Maju LTAT Sdn Bhd is contemplating cross-examining Transport Minister Datuk Seri Dr Wee Ka Siong (pictured) and pursuing a discovery application in the judicial review against the government for the termination of the Klang Valley Double Tracking Phase 2 (KVDT2) contract with Dhaya Maju.
PUTRAJAYA (July 16): The Court of Appeal has dismissed an appeal by the federal government and transport minister against the High Court's decision to grant a stay to Dhaya Maju LTAT Sdn Bhd.
KUALA LUMPUR (Jun 23): Keretapi Tanah Melayu Bhd (KTMB) has given the assurance that its 265km rail network affected by the Klang Valley Double Tracking (KVDT) rehabilation project is safe and can be used for passengers and freight train operations.
PUTRAJAYA (June 22): Dhaya Maju LTAT Sdn Bhd, the company involved in the Klang Valley Double Tracking Project 2 (KVDT2) dispute, has today been given an extension of its ad-interim injunction against the Malaysian government, Transport Minister Datuk Seri Wee Ka Siong and Keretapi Tanah Melayu Bhd (KTMB) until July 26, when the hearing of its appeal is scheduled.