LTAT on track to privatise Boustead

PETALING JAYA: Lembaga Tabung Angkatan Tentera (LTAT) is on track to privatise Boustead Holdings Bhd (BHB), as its shareholding now stands at 90.49% upon accumulation of BHB shares in the open market, as well as shareholders’ acceptances.

LTAT tabled a 85.5 sen a share offer for the remaining 40.58% shares of BHB that it did not own as of March 2.

The development puts LTAT in a position to delist BHB and allows it to accelerate BHB’s turnaround.