Boustead Heavy Industries Unit Closes Stake Sale in Contraves Advanced

MT Newswires Live2024-12-27

Boustead Heavy Industries (KLSE:BHIC) unit BHIC Defence Technologies completed the sale of a stake in Contraves Advanced Devices, according to a Thursday Malaysian bourse filing.

According to earlier filings, the company agreed to sell 2.6 million shares, or 51% equity, in Contraves Advanced Devices for 54 million ringgit.

Price (MYR): $0.41, Change: $+0.020, Percent Change: +5.19%

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