Boustead gains after purchasing aircrafts

Boustead Holdings Bhd, a plantation, property and heavy industries group, added 1.2 per cent to RM5.85, bound for its highest close since Aug. 4.

Its unit MHS Aviation Bhd., which provides air transport services to the oil and gas industry, agreed to buy 16 aircraft for RM586.2 million from DRIR Management Sdn and DRIR Rotor Sdn, according to a stock-exchange filing. -- Bloomberg



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