PETALING JAYA: With the takeover offer for Boustead Holdings Bhd
being scrapped after two rounds of extensions, there are concerns that the loss-making group’s restructuring exercise may take longer to complete.
Market observers said the decision by the Armed Forces Fund Board (LTAT) to abandon the privatisation plan may not derail Boustead’s efforts to return to profitability and reduce its massive debt burden.
However, by retaining Boustead as a listed entity on Bursa Malaysia, this may affect the pace of its restructuring, according to an analyst.
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