SHAH ALAM: Boustead Heavy Industries Corporation Bhd (BHIC) lost some RM14.82 million by selling its 51 per cent equity stake in Contraves Advanced Devices Sdn Bhd (CAD) to Rheinmetall AG, a German automotive and arms manufacturer. CAD was the company which was given the most contracts for the LCS project. […]
SHAH ALAM: Boustead Heavy Industries Corp Bhd (BHIC) announced today that its 51 per cent-owned joint venture was awarded the RM378 million in-service support and performance-based contract for RMAF’s EC725 helicopters. BHIC is the subsidiary of Boustead Holdings Bhd. The heavy engineering firm said the JV company, BHIC AeroService Sdn […]
SHAH ALAM: BHIC AeroServices Sdn Bhd (BHICAS) will be competing in the open tender for the maintenance, repair and overhaul (MRO) for helicopters operated by the Malaysian security services, said its CEO Sevvale Sarvaesvaran. Speaking at the DSA 2024 exhibition, Sevvale said three MRO contracts will be up for open […]
SHAH ALAM: BHIC Submarine Engineering Services Sdn Bhd (BSES) has been awarded the LOA for an expansion of the Scope of Work and additional Contract Ceiling Price for the In-Service Support Interim for the Royal Malaysian Navy Prime Minister Class Submarines. The LOA is RM43.6 million, said BHIC in a […]
SHAH ALAM: How much do you pay for a money losing shipyard? In the case of the Lumut Naval Shipyard Sdn Bhd (Lunas), a MOF-owned company – Ocean Sunshine Bhd (OSB) or Malaysian taxpayers – is paying RM334.73 million in cash for that privilege of owning just 20 per cent […]
SHAH ALAM: IT appears that Boustead Heavy Industry Corporation Bhd (BHIC) has not only sold off Boustead Naval Shipyard Sdn Bhd (BNS) to MOF Incorporated company, Ocean Sunshine Sdn Bhd, it has also divested the Boustead Langkawi Shipyard Sdn Bhd to the same entity. Now Lumut Naval Shipyard or Lunas […]
SHAH ALAM: THE full privatisation of Boustead Naval Shipyard (BNS) – it appears – has gone through with the company now renamed as Lumut Naval Shipyard (LNS). As part of the deal, the government via its MOF Incorporated Company, Ocean Sunshine Berhad (OSB) – will inject some RM190 million as […]
SHAH ALAM: Boustead Heavy Industries Bhd (BHIC) on January 8, 2024, announced that Contraves Advanced Devices Sdn Bhd (CAD) and Contraves Electrodynamics Sdn Bhd (CAE) dropped the suit against Boustead Naval Shipyard Sdn Bhd, its associate company. The release from BHIC to Bursa Malaysia: Further to the announcements dated 2 […]
SHAH ALAM: Boustead Naval Shipyard (BNS) nationalisation has been delayed again, for the fourth time. Malaysian Defence has expected this as the third deadline for the exercise – BNS being sold to a MOF Incorporated company, Ocean Sunshine Bhd – was on December 31. Boustead Heavy Industries Corporation Bhd (BHIC) […]
SHAH ALAM: Boustead Heavy Engineering Corporation Bhd (BHIC) shareholders has voted in favour of all resolutions at its extraordinary general meeting, yesterday. The EGM was held virtually. From New Straits Times: KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd (BHIC) has received shareholders’ approval for the debt settlement amounting to RM417 […]
Malaysian Defence
