LTAT’s dilemma

TheStar Sat, Aug 29, 2020 08:10am - 5 years View Original

For LTAT, Boustead and Affin Bank alone (in which LTAT owns a direct 35% stake in) make up half of its entire portfolio. Hence the plans it has on any restructuring of Boustead will be crucial to LTAT’s fortunes.Any decision though, will be a tough one to make.

LEMBAGA Tabung Angkatan Tentera (LTAT) is likely in a quagmire on how to deal with its prized jewel namely Boustead Holdings Bhd .

The latter is an asset-rich but cash flow-stricken and debt-laden conglomerate, involved in businesses ranging from plantations to pharmaceuticals and from properties to heavy industries.

Sources say that LTAT has received various proposals on how to deal with Boustead.

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Comments

Jason Siew

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LTAT needs to take Bstead private { if not} LTAT is unable to declare any decent yield
for its members. For the past 2 years their rate is a miserable 2.0% & 2.5% respectively.

The other option is to sell off Bstead to a private investment group. LTAT has strong fundings plus government support. { which they can afford to wait for the right pricing} If they do sell! their price jewel will not be at 80 sen but at a far higher valuations

5 years · translate ·