SHAH ALAM: Boustead Heavy Engineering Corporation Bhd (BHIC) is scheduled to hold an extraordinary general meeting this Friday. Among others the public listed company shareholders will vote the proposed disposal of Boustead Naval Shipyard (BNS) to MOF Incorporated company, Ocean Sunshine Bhd (OSB). The resolutions are likely to be passed […]
SHAH ALAM: Kota Tinggi MP and former Higher Education Minister, DS Khaled Nordin, 65, has been appointed as the 21st Defence Minister today (December 12 2023). He replaces DSU Mohamad Hasan, the Rembau MP who is now the Foreign Minister, part of the reshuffle of the PMX Cabinet. Mohamad was […]
SHAH ALAM: The nationalisation of Boustead Naval Shipyard – the builder of the LCS – has been delayed for 30 more days or longer as the parties involved need more time to complete the deal. Boustead Heavy Industries Bhd (BHIC) announced the extension of the deal a day after the […]
SHAH ALAM: As promised earlier, posted below are the full transcript of the speech by Defence Minister DSU Mohamad Hasan on issues of his ministry at Parliament on September 18. Based on the transcript, there is no need to fix the earlier post. Mohamad in his speech spoke on various […]
SHAH ALAM: This is the second story on the contracts, LOI and LOA announced at LIMA 2023 on May 25. Due to time constraints Malaysian Defence was unable to post the whole story on the day itself. Yesterday, the first story on the Army contracts was published. This post will […]
SHAH ALAM: More details on BNS/BHIC legal woes. As part of its annual report, Boustead Heavy Industries Corporation Bhd, the publicly listed engineering subsidiary of Boustead Holdings Bhd, published the legal actions taken against the company for its shipbuilding activities. The shipbuilding activities is undertaken by its associate company, Boustead […]
SHAH ALAM: Lembaga Tabung Angkatan Tentera – the Armed Forces Provident Fund (LTAT) is doubling down on Boustead Holdings Bhd, by offering to take the listed company private. LTAT in a statement said the offer will allow it greater flexibility to implement the turnaround plan for Boustead. The statement: NOTICE […]
SHAH ALAM: Another Boustead company facing issues. Pharmaniaga Bhd, a listed company in Bursa Malaysia and a subsidiary of Boustead Holdings which in turn majority owned by Lembaga Angkatan Tentera Malaysia (LTAT) – the Armed Forces Provident Fund – reported losses for the 2022 fiscal year. This pushed the company […]
SHAH ALAM: Any plan B for the RMN? So far we have been told that the LCS project revival will be a successful with two ships to be delivered to the Royal Malaysian Navy by 2025. This was reported by the Public Accounts Committe report on the LCS. And the […]
SHAH ALAM: Tender to maintain RMN AW139s. Back in April, Malaysian Defence posted about the contract for the three Leonardo AW139s Maritime Operations Helicopter (MOH/MUH) procured for the Royal Malaysian Navy (RMN). Two of the helicopters are already operational while the third one is expected to be delivered next month […]
Malaysian Defence
