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Boustead Sells Off Stake in Contraves and Loses Money
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. […]