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) is scheduled to hold an extraordinary general meeting this Friday. Among others the public listed company shareholders will vote the proposed disposal of Boustead Naval Shipyard (BNS) to MOF Incorporated company, Ocean Sunshine Bhd (OSB). The resolutions are likely to be passed […]
Malaysian Defence
