SHAH ALAM: Boustead subsidiary hit with another claim. Boustead Heavy Industries Corporation (BHIC) Bhd’s subsidiary company – Boustead DCNS Naval Corporation Sdn. Bhd. (BDNC) has received another claim from the Defence Ministry over its ISS contract for the Perdana-Menteri class submarines. The claim is made against the extended ISS contract […]
SHAH ALAM: LTAT Mulls Boustead Privatisation. The Armed Forces Fund Board (LTAT) the controlling shareholder of Boustead Holdings Bhd (BHB), is mulling plans to delist the publicly listed company. However there is no indication whether it will also do so for Boustead’s subsidiary company, Boustead Heavy Industries Corporation Bhd (BHIC) […]
SHAH ALAM: New CEO at BHIC. Boustead Heavy Industries Corporation (BHIC), has appointed Sharifuddin Md Zaini Al-Manaf as its new chief executive officer effective on April 1, the company says. BHIC in a statement said Sharifuddin was the former CEO of Orkim Sdn Bhd, a Malaysian state owned investment company […]
SHAH ALAM: Former RMN Chief appointed to BHIC board. Tan Sri Ramlan Mohamed Ali, 67, a former RMN chief, has been appointed as a non-independent, non executive director of Boustead Heavy Industries Corporation Bhd (BHIC). He was among a number of people appointed to the BHIC board, the company announced […]
SHAH ALAM: Refit for KD Terengganu. KD Terengganu, the fourth ship in the Kedah class is expected to undergo a refit at the Boustead Naval Shipyard (BNS) in Lumut, later this year. Boustead Heavy Industries Corporation on June 20 announced to Bursa Saham that BNS, its associate company had accepted […]
SHAH ALAM: The Defence Ministry is seeking liquidated damages totalling RM147.7 million from Boustead Heavy Industries Corp (BHIC) Bhd subsidiary, Boustead DCNS Naval Corp Sdn Bhd, for breaching its Scorpene submarines support contract. In a filing to the Bursa Malaysia on July 11, BHIC says Boustead DCNS, received a letter […]
SHAH ALAM: THE keel laying ceremony for the first LCS is scheduled next week, March 8 at the Boustead Naval Shipyard (BNS) in Lumut. Defence Minister Datuk Seri Hishammuddin Hussein is expected to be the guest of honour. From Wikipedia “Laying the keel, or laying down is the formal recognition […]
Malaysian Defence
