KUALA LUMPUR: Boustead Properties Bhd, which owns The Curve shopping mall in Petaling Jaya, is enhancing the tenant mix in the shopping mall to attract more customers, especially those residing in Selangor.
THE senior management of Boustead Holdings Bhd, led by managing director Datuk Seri Mohammed Shazalli Ramly, is understood to be exploring the possibility of a management buyout (MBO) of the diversified conglomerate that owns a bank, a pharmaceutical company and oil palm plantations, among others, say two sources familiar with the matter. “It’s being talked about, I am sure. From what I know, the biggest obstacle is obtaining funding [for the MBO endeavour]. It has been sorted out, so there is a possibility it [the MBO] could happen,” says one of them.
Here is a brief overview of notable corporate announcements and news flow for Thursday (July 7), which include ECM Libra Group Bhd, Axiata Group Bhd, Telekom Malaysia Bhd, Siab Holdings Bhd, CIMB Group Holdings Bhd, Boustead Properties Bhd, Seng Fong Holdings Bhd and IOI Corporation Bhd.