Tuesday 20 March 2012

Boustead climbs on getting RM5.6b loans

Boustead Holdings Bhd, a plantation, property and heavy industries group, climbed 1.3 percent to RM5.52 in Kuala Lumpur trading at 9.32am, bound for its largest gain since March 2.

The company obtained syndicated debt facilities totaling as much as RM5.6 billion (US$1.8 billion) to finance the construction of six combat patrol vessels for the Malaysian navy, it said in a statement. -- Bloomberg



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