KUALA LUMPUR: Boustead Holdings Bhd’s (BHB) stock trading has been suspended from 2.30 pm to 5 pm today pending the release of a material announcement.
The request for suspension is made under subparagraph 3.1(b) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Securities.
The counter was last traded 3.0 sen higher at 65.5 sen 5.09 million shares traded.
Earlier during lunch break, the company announced the appointment of Datuk Ahmad Nazim Abd Rahman as its new chairman.
In a filing with Bursa Malaysia today, BHB said Ahmad Nazim previously served as a director.
"Ahmad Nazim is also the chief executive of the Armed Forces Fund Board (LTAT), and he has more than two decades of corporate, investment and restructuring experience across multiple geographies and industries.
"Prior to joining LTAT, he was the managing director for Southeast Asia of Allied Investment Partners, a United Arab Emirates-based investment firm and served as chief executive officer of Pelaburan Mara Bhd from 2013 and 2018,” it said. - Bernama
