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 […]
SHAH ALAM: Soon to be owned by Ministry of Finance Incorporated, Boustead Naval Shipyard – the builder of the LCS and RMN main workshop – is looking for workers. It is likely the workers are needed not just for the resumption of work for the LCS but for the ship […]
SHAH ALAM: Back in August, Malaysian Defence reported that the MMEA’s OPV1 – OPV Tun Fatimah – will be delivered by year end. This was even though the plan was for her to be delivered by October or November. MMEA DG Admiral Maritime Abdul Hamid Amin speaking on November 11 […]
SHAH ALAM: The nationalisation of Boustead Naval Shipyard (BNS) has been delayed yet again. Last month, Boustead Heavy Industries Bhd (BHIC) announced that the deal with the Ministry of Finance Inc. will be delayed. BHIC on November 1 said that the parties “require additional time for the fulfilment of the […]
Malaysian Defence
