BHIC sells CAD stake for RM54mil

Quick Summary:

Boustead Heavy Industries Corp Bhd (BHIC) has disposed of its equity stake in Contraves Advanced Devices Sdn Bhd (CAD) to German automotive and arms manufacturer, Rheinmetall AG.

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It added that its shareholders voted to approve the disposal of its 2.55 million shares, valued at RM54mil, during an EGM held yesterday.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: BousteadHeavy StrategicRealignment EquityDisposal Rheinmetall Corporate News DebtSettlement /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 00:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 136 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24648191

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