Boustead Holdings

Boustead Holdings Berhad
Publicly traded company
Traded as MYX: 2771
ISIN MYL2771OO003
Predecessor Boustead & Co
Founded 1828
Headquarters 28th Floor, Menara Boustead, 69, Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia
Key people
 Lodin Wok Kamaruddin, Deputy Chairman / Group Managing Director
Number of employees
 18,000+ (2017)
Parent Armed Forces Fund Board
Subsidiaries List of subsidiaries
Website www.boustead.com.my

Boustead Holdings Berhad (MYX: 2771) was founded in 1828 as Boustead & Co in Singapore by Edward Boustead, an English businessman. The company was incorporated in 1961 under the Kuala Lumpur, Singapore, Shenzhen and Shanghai stock exchanges.

After World War II, Malaya declared independence from the British (1957) and Singapore declared independence from Malaysia (1965). This saw Boustead & Co split into three 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.

In 2008, Boustead has 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 Boustead Group's operations and business activities can be categorised into six core business areas, namely Plantation, Heavy Industries, Property, Finance & Investment, Trading and Manufacturing & Services.

Boustead, through its Boustead Petroleum Marketing subsidiary, is also a major shareholder of BHP Petroleum, a chain of refilling stations inherited from BP in 2005 after BP's pullout from the Malaysian petrol retail business in 2004.[1]

Subsidiaries

Plantation

  1. Boustead Plantations Berhad
  2. Boustead Estates Agency Sdn Bhd
  3. Boustead Telok Sengat Sdn Bhd
  4. Boustead Rimba Nilai Sdn Bhd
  5. Boustead Pelita Kanowit Sdn Bhd
  6. Boustead Pelita Tinjar Sdn Bhd

Property

  1. Boustead Properties Berhad
  2. Mutiara Rini Sdn Bhd
  3. Boustead Curve Sdn Bhd
  4. Boustead Hotels and Resorts Sdn Bhd
  5. Boustead Realty Sdn Bhd
  6. Boustead Weld Court Sdn Bhd
  7. Bakti Wira Development Sdn Bhd
  8. Mecuro Properties Sdn Bhd
  9. Asta Canggih Sdn Bhd

Pharmaceutical

  1. Pharmaniaga Berhad
  2. Pharmaniaga Logistics Sdn Bhd
  3. Pharmaniaga Manufacturing Sdn Bhd
  4. Idaman Pharma Manufacturing Sdn Bhd
  5. Pharmaniaga Life Science Sdn Bhd
  6. Pharmaniaga Research Centre Sdn Bhd
  7. Pharmaniaga Biomedical Sdn Bhd
  8. PT Millennium Pharmacon International

Heavy industries

  1. Boustead Heavy Industries Corporation Berhad
  2. Boustead Penang Shipyard Sdn Bhd
  3. Boustead Naval Shipyard Sdn Bhd
  4. MHS Aviation Berhad
  5. Boustead Atlas Hall Sdn Bhd
  6. Dominion Defence & Industries Sdn Bhd
  7. BHIC Navaltech Sdn Bhd
  8. Wavemaster Langkawi Yacht Centre Sdn Bhd
  9. BHIC Defence Techservices Sdn Bhd
  10. BHIC Electronics & Technologies Sdn Bhd
  11. Atlas Defence Technology Sdn Bhd

Trading and industrial

  1. UAC Berhad
  2. Boustead Petroleum Marketing Sdn Bhd
  3. Boustead Engineering Sdn Bhd
  4. Boustead Building Materials Sdn Bhd
  5. Boustead Sissons Paints Sdn Bhd
  6. Boustead Global Trade Network Sdn Bhd

Finance and investment

  1. Boustead Credit Sdn Bhd
  2. The University of Nottingham in Malaysia Sdn Bhd
  3. Boustead Travel Sdn Bhd
  4. Boustead Shipping Agencies Sdn Bhd
  5. Boustead Cruise Centre Sdn Bhd

References

  1. ↑ Hardy, Alfean (8 January 2004). "BP to pull out of Malaysian petrol sector". energynewsbulletin.net. Retrieved 29 January 2016.

See also

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