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.
Datuk Seri Mohamad Hasan said the reduction in holdings in Boustead will have a long-term positive impact on LTAT, which is a government statutory body that provides benefits via a retirement savings scheme for officers and members of other ranks of the military.
Lembaga Tabung Angkatan Tentera (LTAT), Boustead Holdings Bhd (BHB) and Kuala Lumpur Kepong Bhd (KLK) have agreed not to proceed with KLK’s RM1.15 billion acquisition of a 33% stake in Boustead Plantations Bhd (BPlant).
