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KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd (BHIC) is selling the group’s entire 20.77 per cent stake in loss-making Boustead Naval Shipyard Sdn Bhd (BNS) to Ocean Sunshine Bhd, an indirect unit of Minister of Finance (Inc), for RM1. ....
KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd recorded a net loss of RM21.55 million in the financial year ended Dec 31, 2022 (FY2022) compared to a net profit of RM15.19 million a year ago. ....
IN 2007, Boustead Naval Shipyard Sdn Bhd (BNS) a unit of Boustead Heavy Industries Corporation Bhd (BHIC), which in turn is controlled by the Armed Forces Fund Board or LTAT sought the support of the Economic Planning Unit (EPU) in the Prime Minister’s Department and the then defence minister Datuk Seri Najib Razak for a programme to build six littoral combat ships (LCS) at its Lumut dockyard. ....
KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd (BHIC) will extend its fullest co-operation to the Malaysian Anti-Corruption Commission (MACC) and other authorities in any investigation pertaining to the Littoral Combat Ship (LCS) project. ....