Thursday, June 28, 2012

Boustead Holdings Bhd : Proposed Acquisition

It wholly owed sub-subsidiary, Boustead Building Material S/B has entered into a share sale agreement with Lembaga Tabung Angkatan Tentera (LTAT) to acquire a 97.14% stake in Johan Ceramics Bhd held by LTAT for a cash consideration of RM28.87 mln as part of its internal reorganisation plan for greater synergies.

Disclosure : Author has position in Boustead Holdings Berhad.