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KUALA LUMPUR (Nov 22): Boustead Plantation Bhd (BPlant) returned to the black in the third quarter ended Sept 30, 2023 (3QFY2023) with a net profit of RM15.22 million, from a net loss of RM352,000 a year ago, mainly due to yield and oil extraction rate (OER) improvement, as well as a favourable impact of fresh fruit bunches (FFB) valuation.
Boustead Plantations Bhd's (BPlant) share price rose a sen or 0.65% to RM1.54 on Tuesday after Lembaga Tabung Angkatan Tentera (LTAT) issued an unconditional mandatory takeover offer notice last Friday (Nov 10) to acquire the remaining shares it does not own in BPlant for a cash price of RM1.55 per share.
PETALING JAYA: The prospects for more merger and acquisition (M&A) deals in Malaysia are expected to persist going into 2024, despite the global economic headwinds, geopolitical conflicts and high interest-rate environment, say industry experts.
Lembaga Tabung Angkatan Tentera (LTAT) has tabled an unconditional mandatory takeover offer for the remaining shares in Boustead Plantations Bhd (BPlant) for cash of RM1.55 a share as part of the move to take the planter private.
Here is a brief recap of some corporate announcements that made news on Friday involving Sime Darby Bhd, GuocoLand (Malaysia) Bhd, Hextar Industries Bhd (HIB), Advancecon Holdings Bhd, LBS Bina Group Bhd, Ibraco Bhd, SLP Resources Bhd, Asdion Bhd, Adventa Bhd, Maxis Bhd and Boustead Plantations Bhd.
KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) mengeluarkan notis mengenai Tawaran Pengambilalihan Mandatori Tidak Bersyarat bagi semua baki saham dalam Boustead Plantations Bhd (BPlant) yang tidak dipegang oleh LTAT pada harga tawaran RM1.55 sesaham.LTAT dalam satu kenyataan berkata, ia ...
KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) has issued a notice on unconditional mandatory takeover offer for all the remaining shares in Boustead Plantations Bhd (BPlant) that are not already held by LTAT for a cash price of RM1.55.
Lembaga Tabung Angkatan Tentera (LTAT) has issued an unconditional mandatory takeover offer (MTO) notice to acquire the remaining shares it does not own in Boustead Plantations Bhd (BPlant) for a cash price of RM1.55 per share, it said in a statement on Friday.
The Armed Forces Fund Board’s (LTAT) efforts to implement the possible general offer involving Boustead Plantations Bhd (BPlant) remain ongoing, subject to obtaining the requisite approvals.
KUALA LUMPUR: Usaha Lembaga Tabung Angkatan Tentera (LTAT) untuk memberikan tawaran am melibatkan Boustead Plantations Bhd (BPlant) masih diteruskan, tertakluk kepada kelulusan yang diperlukan.Dalam satu kenyataan hari ini, LTAT berkata ia akan membuat pengumuman atau pemberitahuan yang berkaitan apabila ...
KUALA LUMPUR: The Armed Forces Fund Board’s (LTAT) efforts to implement the possible general offer involving Boustead Plantations Bhd (BPlant) remains ongoing, subject to obtaining the requisite approvals.
Boustead Heavy Industries Corp Bhd (BHIC) said a winding-up petition served on its associate company Boustead Naval Shipyard Sdn Bhd (BNS), for a RM56.04 million claim, had finally been withdrawn.
Boustead Heavy Industries Corp Bhd (BHIC) and Minister of Finance Inc (MOF Inc) have mutually agreed to extend the conditional period for the disposal of a 20.77% stake in Boustead Naval Shipyard Sdn Bhd (BNS) to MOF Inc by another one month to Dec 1.
Notable filings
For the week of Oct 2 to 6, notable shareholding changes at Bursa Malaysia-listed companies included those at Sabah-based gold miner Bahvest Resources Bhd.
A filing with Bursa on Oct 6 showed that Innosabah Capital Holdings Sdn Bhd had on Oct...