KUALA LUMPUR – Lembaga Tabung Angkatan Tentera (LTAT) remains committed to ensuring the long-term sustainability of the fund and will continue to explore all investment options together with the relevant stakeholders, including regulatory bodies and the Ministry of Defence.
LTAT, in a statement today, said any investment decisions will go through a robust procedure including various approval processes by the Investment Committee, Investment Panel, and the Board.
“LTAT is anchored by the Strategic Asset Allocation Framework and supported by various investment policies and guidelines, ensuring a healthy investment portfolio,” it said in response to a news report titled ‘LTAT’s Ahmad Nazim Leaves After Restructuring Put on Hold’ last Friday (February 2).
Regarding the restructuring of Boustead Holdings Bhd, LTAT said the article may give rise to an inaccurate picture since no final decisions have been made and the matter remains under discussion with all relevant stakeholders.
“LTAT views this matter both as a structural and an investment decision that will undergo various internal and external processes to ensure it is made in the best interest of the contributors. To this end, resolute measures are being implemented via collaborative engagement to identify and secure the optimal solution.
“The restructuring of Boustead Holdings Bhd is a component of the larger LTAT Strategic Plan 2023-2025 (MAMPAN25), along with various other independent initiatives still being pursued and LTAT will continue to enhance the health of its investment portfolio and will consistently take into consideration the wider benefits and impacts associated with it,” it said.
The statement said LTAT has made significant strides over the past few years as seen in its improved year-on-year financial performance and the recovery of dividend declaration to a sustainable level, directly benefiting its contributors.
“We would like to emphasise that throughout any engagement process, the government has been thoroughly professional and has upheld the appropriate governance in seeking the best resolution to the matter,” it said. – February 5, 2024