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KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) has disposed of its equity stake in Contraves Advanced Devices Sdn Bhd (CAD) to German automotive and arms manufacturer, Rheinmetall AG.
Boustead Heavy Industries Corp Bhd (BHIC) has disposed of its equity stake in Contraves Advanced Devices Sdn Bhd (CAD) to German automotive and arms manufacturer, Rheinmetall AG.
KUALA LUMPUR: Stocks that could see trading interest today include Nestcon Bhd, Boustead Heavy Industries Corporation Bhd (BHIC), Classita Holdings Bhd, Parlo Bhd, MMAG Holdings Bhd and Datasonic Group Bhd.
Boustead Heavy Industries Corp Bhd (BHIC) is disposing of 2.55 million shares (or a 51% stake) in Contraves Advanced Devices Sdn Bhd (CAD) to Germany-based Rheinmetall AG for RM54mil.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: Efforts are currently being pursued to end the involvement of middlemen – Contraves Advanced Devices (CAD) and Contraves Electrodynamics Sdn Bhd (CED) – in the controversial Littoral Combat Ship (LCS) project.
THE additional construction period of 83 months is among the reasons for the ballooning cost of building the littoral combat ships (LCS), says Deputy Defence Minister Adly Zahari.
PETALING JAYA: A decision by Tan Sri Ahmad Ramli Mohd Nor to pay for the purchase of parts of the littoral combat ships (LCS) in euros instead of the ringgit cost Boustead Naval Shipyard Sdn Bhd (BNS) a net loss of RM13.4mil.
PETALING JAYA: The French government has given its commitment to ensure that the littoral combat ship (LCS) project becomes a priority for all stakeholders, says Datuk Ahmad Nazim Abdul Rahman.
KUALA LUMPUR: The mobilisation phase for the littoral combat ship (LCS) project is running smoothly, says Datuk Seri Hishammuddin Hussein.
KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) says it denies the claims made in a legal suit by the main contractors of the Littoral Combat Ships (LCS) project, which includes among other things, a claim that the 12 letters of award pertaining to the project remain valid.
PETALING JAYA: Boustead Heavy Industries Corp Bhd (BHIC) has denied the claims made in a legal suit by the main contractors of the littoral combat ship project, which includes among other things, a claim that the 12 letters of award pertaining to the project remain valid.
PETALING JAYA: A foreign partner, Rheinmetall Group, which held a 49% share in the two main contractors involved in the littoral combat ship (LCS) building project, ended up having more power and authority than the majority shareholder – Boustead Heavy Industries Corporation (BHIC).
PETALING JAYA: Overlapping letters of award (LOAs), double claims for the same services, marked-up prices and the absence of supporting documents involving the two contractors in the setting up of a Built-in Test (BIT) centre for the littoral combat ships have cost taxpayers over RM898mil.
PETALING JAYA: The managing director of the company undertaking the RM9bil littoral combat ships (LCS) project had so much power that he could sign all agreements, including letters of award (LOAs) to the main contractors involved in building the six ships.
PETALING JAYA: Twelve letter of awards (LOA) worth RM3.3bil was issued to Contraves Advanced Devices Sdn Bhd (CAD) and its wholly owned subsidiary Contraves Electrodynamics Sdn Bhd (CED), according to the latest declassified Forensic Audit report on the littoral combat ships (LCS).
PETALING JAYA: An audit report red-flagged 12 letters of award (LOAs) worth RM3.3bil given to two companies, which got the lion’s share of 37% of the total contract value of the littoral combat ship (LCS) project that was worth RM9bil.
PETALING JAYA: Tan Sri Ahmad Ramli Mohd Nor and Anuar Murad were two key figures named extensively in the declassified forensic audit report by the Boustead Heavy Industries Corporation Berhad (BHIC) on the littoral combat ship (LCS) project.
KUALA LUMPUR: The additional 83 months needed for the completion of the Littoral Combat Ships (LCS) is among the reasons for the cost of the embattled project ballooning by about RM2bil, Adly Zahari tells the Dewan Rakyat.
KUALA LUMPUR: France's Naval Group has given its assurance in supporting the government's efforts in resuming the Littoral Combat Ship (LCS) project.
