The Armed Forces Fund Board’s (LTAT) efforts to implement the possible general offer involving Boustead Plantations Bhd (BPlant) remains ongoing, subject to obtaining the requisite approvals.
The Armed Forces Fund Board has stated its intentions to acquire Boustead Plantations Bhd by making a general offer for shares it does not own in BPlant at an offer price of RM1.55 per share.
The Malaysian Armed Forces Veterans Association has urged Prime Minister Datuk Seri Anwar Ibrahim to intervene and resolve the issue surrounding the sale of 33% of Boustead Plantations Bhd's (BPlant) shares to a private company.
Responding to Scoop, industry giant said it aims to become ‘operationally focused, commercially agile and cost-efficient’, but did not clarify if it is linked to Petros deal
