LTAT’s listed empire goes dark. One problem remains
Concentration risk never seems to go away.
You’re reading The Malaysianist, a newsletter on money and power. Fuel up with a monthly, annual or founding member plan.
P.S. The founding member tier doesn’t have a ceiling; you can go as high as you want — it’s the ultimate supporter badge that comes with an annual report.
It’ll also grant you access to Brainjam with bangers such as this 👇🏽
And, yes, you can upgrade subscription tiers at any time.
Mulling a group purchase for family, friends and colleagues? I’ve got you. Group subscriptions come with discounts, too.
Lembaga Tabung Angkatan Tentera’s (LTAT) listed empire went dark, when Boustead Heavy Industries Corp (BHIC) was delisted on Thursday.
That makes it the third Boustead company taken private in three years, after the armed forces’ fund delisted Boustead Holdings in 2023 and Boustead Plantations in 2024.