"To resolve this, we have devised a plan to determine which assets LTAT should retain a larger direct shareholding in and which should remain under Boustead’s management.
Under the previously scrapped "Project Moonshot", Boustead was to transition from a diversified conglomerate into a real estate-focused entity.
The exhibition showcased innovative urban design concepts for reinvigorating the Mutiara Damansara township created by UM’s Master of Architecture Year 1 students of the Faculty of Built Environment 2023/2024 academic session through a year of research and design work.
A joint statement on Tuesday said there will be two parts to the partnership — an energy performance contract (EPC) and a memorandum of business exploration (MOBE).
Last month, LTAT accumulated an over 90% stake of Boustead Holdings Bhd — reaching the threshold that paves the way for its privatisation of the company.
At present, he is also a non-independent non-executive director of Boustead Heavy Industries Bhd, as well as chairman of Boustead Naval Shipyard Sdn Bhd and Boustead Petroleum Marketing Sdn Bhd.
KidZania Singapore, which opened in July 2016 on Sentosa Island, Singapore, closed its doors permanently in 2020, hit by the Covid-19 pandemic.
“With this milestone, we trust that BHB’s commercial value will be unlocked and its full potential unleashed in order to boost our assets under management, translating into better returns for our contributors, the members of the Armed Forces.
Comprising 90 two-storey linked homes, Phase 1B of Balau Homes has built-ups ranging from 1,601 to 1,879 sq ft and a land size of 20ft by 70ft.
The contract was for the proposed construction and completion of three phases of double-storey houses and other associated works in Hulu Langat, Selangor.
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