Boustead Plantations RM750 million land buy in Sabah
Falling crude oil prices aside, an RM750 million cash acquisition of 42 parcels of plantation land, a total of 11,579.
Singapore firm had offered 100% higher price for Boustead’s hotel, says minister
KUALA LUMPUR (April 10): The price offered by Singapore’s Hotel Royal Ltd to acquire the Royale Chulan Bukit Bintang Hotel is almost twice the price quoted by Malaysian companies, Defence Minister Mohamad Sabu said today.
Sime Darby Property’s Amrin said to be new Boustead boss
KUALA LUMPUR (April 4): Datuk Seri Amrin Awaluddin, the current chief executive officer (CEO) of Sime Darby Property Bhd, is going to fill the group managing director’s (MD) position at Boustead Holdings Bhd, according to sources.
Royale Chulan Bukit Bintang sale yet to be approved — Mindef official
KUALA LUMPUR (March 21): The conditions for the sale of the Royale Chulan Bukit Bintang Hotel have yet to be fulfilled and as such the hotel still belongs to Boustead Holdings Bhd, a ministry of defence (Mindef) official said yesterday.
Boustead goes ahead with Royale Chulan Hotel sale, two weeks after Mindef said it wasn't a done deal
KUALA LUMPUR (March 15): Boustead Holdings Bhd inked a sale and purchase agreement (SPA) today with Singapore's Hotel Royal Ltd to sell its Royale Chulan Bukit Bintang Hotel for RM197 million, cash, just over two weeks after the Ministry of Defence (Mindef) said the sale wasn't a done deal.
Spate of exits at The Curve puts Boustead in focus
KUALA LUMPUR (Feb 4): A recent spate of exits of several long-time tenants at The Curve and eCurve has left many wondering about the future direction of the two shopping malls that are ultimately owned by Boustead Holdings Bhd.
Mindef: Boustead’s sale of hotel not confirmed, valuation still underway
KUALA LUMPUR (Feb 27): The Defence Ministry (Mindef) has clarified that Boustead Holdings Bhd has yet to dispose of the Royale Chulan Bukit Bintang Hotel, saying the valuation process is still underway.
Boustead accepts offer to sell Royale Chulan Bukit Bintang for RM197m
KUALA LUMPUR (Feb 19): Boustead Holdings Bhd announced today it is disposing of its Royale Chulan Bukit Bintang Hotel business to Singapore-based Hotel Royal Ltd for RM197 million.
Najib, Rosmah deny any conspiracy against Deepak — report
KUALA LUMPUR (Jan 14): Former prime minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor have denied any conspiracy to defraud controversial carpet trader Deepak Jaikishian of prime land in Bukit Raja here as alleged in the latter's RM576 million suit against the couple and two others, Malaysiakini reported today.
S P Setia: Penang land buy from Boustead Plantations should be GST exempted
KUALA LUMPUR (Jan 10): S P Setia Bhd said its wholly-owned subsidiary Setia Fontaines Sdn Bhd has been advised by solicitors that the latter's acquisition of five adjoining parcels of freehold land in Penang from Boustead Plantations Bhd should be exempted from the goods and services tax (GST), based on Malaysia's tax laws.
