Possible privatisation of Boustead under consideration by LTAT

attuned Government’s policy and we are hopeful that more development projects implemented under the current Eleventh Malaysia Plan and going into Twelfth Malaysia Plan (2021-2025) will continue to stimulate the industry.

“Water supply, waste water systems, bridges and roads are among the projects that remain vital to Sarawak’s development and offer ongoing work for HSL.”

As such, HSL’s sentiment for 2020 and beyond is one of cautious optimism with our focus on efficient project execution and strategic procurement initiatives to sustain our commendable growth and continuous profitability.

“As we work cautiously, we look forward to moving into the new HSL office tower this year and seeing the adjacent mall tenanted.”

KUALA LUMPUR: Boustead Holdings Bhd yesterday announced that its controlling shareholder, Lembaga Tabung Angkatan Tentera (LTAT), is considering to privatise the company.

However, Boustead has advised shareholders to exercise caution and seek appropriate advice when dealing in the ordinary shares of the company, since there is no certainty that LTAT would proceed with the proposal.

“At this juncture, the company has not received any offer relating to this proposal from LTAT or any other parties,” it added in a statement yesterday. — Bernama