Tuesday, October 19, 2010

Boustead up on patrol vessel contract

KUALA LUMPUR: BOUSTEAD HOLDINGS BHD []'s shares advanced on Tuesday, Oct 19 after its unit Boustead Naval Shipyard Sdn Bhd (BNS) secured a letter of intent to construct military patrol vessels for the Malaysian government.

At 9.28am, Boustead was six sen to RM5.30 with 25,800 shares done.

In a filing to Bursa Malaysia on Monday, Boustead said BNS had received the LOI to undertake the project which involved six units of second-generation patrol vessels with combatant capabilities.


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