Boustead Holdings may not take on more debt


Defence Minister Datuk Seri Hishammuddin Hussein said recently that the first LCS project is expected to be completed within the next year or two.

PETALING JAYA: Boustead Holdings Bhd is unlikely be able to take on more debt to support its 82%-owned Boustead Naval Shipyard Sdn Bhd (BNS) in completing the Littoral Combat Ship (LCS) project, according to an investment analyst.

Boustead Holdings is a diversified conglomerate with core businesses in plantation, property and industrial, pharmaceutical, heavy industries as well as trading, finance and investment.

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