Hidden value: While the low share prices usually provide good opportunities for privatisation, what LTAT is aiming for is to unlock the hidden value in Boustead Holdings.
WHAT used to be a cash cow for the Armed Forces Fund Board (LTAT) in the form of Boustead Holdings Bhd has turned into drag over the past two years.
The Boustead group, which is an umbrella holding company for LTAT with a 59% stake, hit a net loss of more than a billion ringgit for the first time last year at RM1.28bil, which further extended its losses of RM554.3mil in 2018.
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