SHAH ALAM: LTAT Mulls Boustead Privatisation. The Armed Forces Fund Board (LTAT) the controlling shareholder of Boustead Holdings Bhd (BHB), is mulling plans to delist the publicly listed company. However there is no indication whether it will also do so for Boustead’s subsidiary company, Boustead Heavy Industries Corporation Bhd (BHIC) […]
SHAH ALAM: Boustead gets new chairman. Boustead Holdings Bhd has appointed former Johor MB Khaled Nordin as its new chairman, effective on May 1. Khaled’s appointment was announced by Boustead on April 30. In its release, Boustead stated that Khaled was appointed as a non-independent, non executive chairman of the […]
SHAH ALAM: New CEO at BHIC. Boustead Heavy Industries Corporation (BHIC), has appointed Sharifuddin Md Zaini Al-Manaf as its new chief executive officer effective on April 1, the company says. BHIC in a statement said Sharifuddin was the former CEO of Orkim Sdn Bhd, a Malaysian state owned investment company […]
SHAH ALAM: New leadership at Deftech. Malaysia’s biggest land defence firm, DRB-HICOM Defence Technologies Sdn Bhd (Deftech) has a new chief executive, it was made public early this month. I cannot find any announcement of the appointment apart from the fact that the company’s website had been updated with a […]
SHAH ALAM: I cry if I want to. Apart from giving an explaination on the Defence Ministry’s financial commitments to three projects – Gempita, LCS and the MD530G – Deputy Defence Minister Liew Chin Tong also on Dec. 16 in parliament said that it paid RM200 million per year for […]
LANGKAWI: VHF radio launch at Lima 2019. PM Tun Dr Mahathir Mohamad launched the second generation of Sapura Thales Electronic’s (STE) military VHF radio, the TRC 5200 at LIMA 2019 on March. 26. The radios are fully designed and developed in Malaysia by STE, a joint venture between the Sapura […]
SHAH ALAM: New MRO in the works. Two public listed companies, Destini Bhd and Sapura Resources Bhd, has announced an agreement to set up a new joint venture, an aircraft sale, leasing and MRO company. Destini made the announcement to Bursa Saham on June 20. The release: The Board of […]
SHAH ALAM: IT appears that we will soon have two Hercules MROs operating in the country, if the Finance Ministry has its way. The first one, Airod Sdn Bhd – partly owned by the government while the other – if it happens – will be a subsidiary of a GLC. […]
SHAH ALAM: NOT much information have been revealed following a report by Defense News, Wednesday, that a Malaysian company, Etika Strategi, signed a joint venture with Turkish’s BMC and German’s Rheinmetall AG “to expand into internal and external markets” of armor vehicles manufacturing and marketing. The report says that BMC […]
SHAH ALAM: Despite the apparent softness in the oil and gas and ship-building industries in Malaysia and the region, public listed Muhibbah Engineering (M) Bhd is building a new maritime hub in the East Coast, specifically, Kuantan, the capital of Pahang. In a filing with Bursa Malaysia on Monday, Muhibbah […]
Malaysian Defence
