Boustead Holdings
 | |
| Type | Public limited company |
|---|---|
| MYX: 2771 SGX: F9D | |
| ISIN | MYL2771OO003 |
| Predecessor | Boustead & Co |
| Founded | 1828 |
| Headquarters | 28th Floor, Menara Boustead, 69, Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia |
Key people | Group Managing Director - Dato' Sri Mohammed Shazalli Ramly |
Number of employees | 18,000+ (2017) |
| Parent | Armed Forces Fund Board |
| Subsidiaries | List of subsidiaries |
| Website | www |
Boustead Holdings Berhad (MYX: 2771) is a Malaysian corporation. Founded in 1828 as Boustead & Co in Singapore by Edward Boustead, an English businessman, presently it is an affiliate of the Malaysian military.
The present form of the company was incorporated in 1961, and is currently listed on the Kuala Lumpur stock exchanges.
Background[]
After World War II, Malaya declared independence from the British (1957) and Singapore declared independence from Malaysia (1965). This saw Boustead & Co split into four entities in 1975: Boustead Plc in London (which was later reorganized as Boustead & Co), Boustead Holdings Berhad in Malaysia, Boustead Singapore Limited, and Boustead China Co, Ltd.
By 2008, Boustead had 133 subsidiaries, of which 3 companies are listed and 16 associate companies, of which one is listed. It has total assets in excess of RM8 billion and more than 18,000 employees.
The major shareholder of Boustead today is Lembaga Tabung Angkatan Tentera (LTAT) - the Malaysian military pension fund. Boustead Holdings has businesses in plantation, heavy industries, Property development, banking and pharmaceutical sectors.
Subsidiaries[]
Its major subsidiaries include Affin Bank,[1] Pharmaniaga,[2] and BH Petrol.
Its subsidiary Pharmaniaga was appointed as the distributor of Sinovac CoronaVac vaccine for the Malaysian market during the Coronavirus pandemic.
Boustead also operates The Curve mall in Damansara, Selangor, and MyTown Shopping Centre at Jalan Cochrane, Maluri, Kuala Lumpur. Both malls are connected to an IKEA store.
See also[]
References[]
- ^ "Trading, Finance & Investment". Retrieved 3 January 2022.
- ^ "Pharmaceutical Division". Retrieved 3 January 2022.
External links[]
 | This Malaysian corporation or company article is a stub. You can help Wikipedia by . |
- 1828 establishments in British Malaya
- Conglomerate companies of Malaysia
- Companies based in Kuala Lumpur
- Companies listed on Bursa Malaysia
- Government-owned companies of Malaysia
- Armed Forces Fund Board
- Malaysian company stubs