Boustead Heavy Industries Corporation Bhd’s indirect wholly owned subsidiary Perstim Industries Sdn Bhd has proposed to dispose of 27,000,001 ordinary shares in Lumut Naval Shipyard Sdn Bhd to Ocean Sunshine Bhd for RM334.73 million cash.
“On May 29, 2023, BHIC announced that its board had acknowledged receiving a letter from the Minister of Finance Incorporated stating its intention to acquire, through OSB , 20.8% of BHIC’s total equity interest in Lunas, which is held via PISB. Additionally, it said that introducing a new strategic shareholder, OSB, aligns with LUNAS' plans to enhance its business and operations, particularly in the construction, repair and maintenance of naval and commercial ships.
BHIC Subsidiary Perstim Industries Lumut Naval Shipyard Ocean Sunshine Disposal Shares Cash Littoral Combat Ship Project
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boustead Heavy Industries to sell 20.8pc stake in Lumut Naval Shipyard for RM334.73mKUALA LUMPUR, April 3 — Boustead Heavy Industries Corporation Bhd’s (BHIC) indirect wholly owned subsidiary Perstim Industries Sdn Bhd (PISB) has proposed to dispose of...
Source: malaymail - 🏆 1. / 86 Read more »
Naval cadet assaulted in camp before death, court toldKuala Lumpur: The sessions court here was told today that naval cadet officer J Soosaimanicckam, who died while undergoing training, had been assaulted by a senior officer at the KD Sultan Idris navy base before his death.
Source: DailyExpress_MY - 🏆 3. / 83 Read more »
Construction, E&E, Palm Oil, and O&G Industries Expected to Flourish in MalaysiaThe construction industry is anticipated to flourish this year, followed by electrical and electronic products (E&E), palm oil, and oil and gas (O&G). StashAway Malaysia country manager Wong Wai Ken expects the construction industry to improve throughout the year, with big projects kicking off again. He also mentions the steady growth of the E&E, palm oil, and O&G industries. Additionally, he anticipates the local currency to remain steady or strengthen slightly and highlights the soundness of the local banking system.
Source: theSundaily - 🏆 25. / 51 Read more »
Senator proposes more naval bases for Sarawak to boost national securityKUCHING, March 20 — Senator Datuk Ahmad Ibrahim yesterday proposed that the federal government construct three more naval bases in Sarawak to better protect the nation’s...
Source: malaymail - 🏆 1. / 86 Read more »
MV Agusta returns to Malaysia under AFY Mobility Industries, pricing starts from RM96,800After a five-year absence, MV Agusta returns to the Malaysian motorcycle market under AFY Mobility Industries (AMI). At the opening of the MV Agusta Petaling Jaya showroom in Section 51A, Petaling Jaya, the limited edition …
Source: paultan - 🏆 22. / 51 Read more »
Sarawak govt empowers downstream industries to produce high value wood products, says deputy premierKUCHING, March 28 ― The Sarawak government will continue to empower downstream industries such as in biomass production, furniture and industries based on bamboo and...
Source: malaymail - 🏆 1. / 86 Read more »