For LTAT, Boustead and Affin Bank alone (in which LTAT owns a direct 35% stake in) make up half of its entire portfolio. Hence the plans it has on any restructuring of Boustead will be crucial to LTAT’s fortunes.Any decision though, will be a tough one to make.
LEMBAGA Tabung Angkatan Tentera (LTAT) is likely in a quagmire on how to deal with its prized jewel namely Boustead Holdings Bhd.
The latter is an asset-rich but cash flow-stricken and debt-laden conglomerate, involved in businesses ranging from plantations to pharmaceuticals and from properties to heavy industries.
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