LTAT to dilute interest in Boustead to 51pc

Publish date: Mon, 05 Mar 2012, 05:29 PM
The Armed Forces Fund Board (LTAT) will dilute its shareholding in Boustead Holdings Bhd to 51 per cent by year-end, its chief executive Tan Sri Lodin Wok Kamaruddin said today.

He said the move was in sync with the government's call for government-linked companies to dilute their shareholdings in public-listed entities to create liquidity in the market.

LTAT currently holds about 60 per cent equity interest in Boustead.

"Over time, we'll bring down LTAT's shareholding in Boustead to 51 per cent. There is no timeframe for this. We are looking at end of this year," he said. - Bernama

Labels: BSTEAD

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lotsofmoney

51% is still a lot of shares. I just wonder why the sudden need for money?

2012-03-06 09:11

nasaie24

LTAT is advised by ING Bank Malaysia. They dillute simply because theres no need for extra shares. 51% enough for control. ING is stupid they dont know Boustead will continue to go up over the next few years.

2012-03-06 09:32

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