News about boustead

KUALA LUMPUR (March 21): The conditions for the sale of the Royale Chulan Bukit Bintang Hotel have yet to be fulfilled and as such the hotel still belongs to Boustead Holdings Bhd, a ministry of defence (Mindef) official said yesterday.

KUALA LUMPUR (March 15): Boustead Holdings Bhd inked a sale and purchase agreement (SPA) today with Singapore's Hotel Royal Ltd to sell its Royale Chulan Bukit Bintang Hotel for RM197 million, cash, just over two weeks after the Ministry of Defence (Mindef) said the sale wasn't a done deal.

KUALA LUMPUR (Feb 4): A recent spate of exits of several long-time tenants at The Curve and eCurve has left many wondering about the future direction of the two shopping malls that are ultimately owned by Boustead Holdings Bhd.

KUALA LUMPUR (Feb 27): The Defence Ministry (Mindef) has clarified that Boustead Holdings Bhd has yet to dispose of the Royale Chulan Bukit Bintang Hotel, saying the valuation process is still underway.

KUALA LUMPUR (Feb 19): Boustead Holdings Bhd announced today it is disposing of its Royale Chulan Bukit Bintang Hotel business to Singapore-based Hotel Royal Ltd for RM197 million.

  KUALA LUMPUR (Jan 14): Former prime minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor have denied any conspiracy to defraud controversial carpet trader Deepak Jaikishian of prime land in Bukit Raja here as alleged in the latter's RM576 million suit against the couple and two others, Malaysiakini reported today.

KUALA LUMPUR (Jan 10): S P Setia Bhd said its wholly-owned subsidiary Setia Fontaines Sdn Bhd has been advised by solicitors that the latter's acquisition of five adjoining parcels of freehold land in Penang from Boustead Plantations Bhd should be exempted from the goods and services tax (GST), based on Malaysia's tax laws.

  KUALA LUMPUR (Jan 9): Boustead Plantations Bhd has filed a suit claiming RM37.

PETALING JAYA (Dec 8): Boustead Holdings Bhd, owner and operator of a portfolio of hotels is seeking bids for Royale Chulan Bukit Bintang in Kuala Lumpur, after having received offers to purchase it.

KUALA LUMPUR (Aug 30): Boustead Holdings Bhd slipped into the red in the second quarter ended June 30, 2018 (2QFY18), mainly due to reduced contributions from plantation, heavy industries and property divisions, as well as after allocation to non-controlling interests and perpetual sukuk holders.