PETALING JAYA: Boustead Holdings Bhd is acquiring a 97.14% stake in Johan Ceramics Bhd from Lembaga Tabung Angkatan Tentera (LTAT) for RM28.86mil cash or 35 sen each.
The company told Bursa Malaysia yesterday that it would launch a takeover offer for the remaining shares not owned, since it would hold more than 50% equity interest in Johan Ceramics.
“The proposed acquisition of Johan Ceramics is part of Boustead Holdings’ strategic intent to expand the range of building materials products within its building materials division,” it said.
Quote from The Star 28 June 2012
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