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
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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lotsofmoney
51% is still a lot of shares. I just wonder why the sudden need for money?
2012-03-06 09:11