BOUSTEAD HEAVY INDUSTRIES CORP
KLSE (MYR): BHIC (8133)
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Last Price
0.455
Today's Change
0.00 (0.00%)
Day's Change
0.45 - 0.455
Trading Volume
13,200
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
3 people like this. Showing 50 of 284 comments
hold bhic. closing non-performing units. Internal Business Reorganisation
The Group started an exercise to review the operational structure and decided to merge the
operations of certain business units. Three non-performing business units have been identified
and the closure is ongoing.
The closure resulted in a retrenchment of 78 staffs with a total payment of RM5.7 million.
2020-06-10 20:42
recently the construction of the remaining three Littoral Mission Ships (“LMS”) in China has
resumed post Covid-19. Both the LCS and LMS Programmes are ongoing at slower progress. The
Associate and China Shipbuilding
2020-06-10 20:46
urusharta has 15mil shares to dump, unfinished yet Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD
Particulars of substantial Securities Holder
NameURUSHARTA JAMAAH SDN BHDAddressTingkat 7, Bangunan Setia 1, 15 Lorong Dungun, Bukit Damansara
Kuala Lumpur
50490 Wilayah Persekutuan
Malaysia.Company No.201801045610 (1307642-V)Nationality/Country of incorporationMalaysiaDescriptions (Class)Ordinary Shares
Details of changes
NoDate of change
No of securities
Type of TransactionNature of Interest118 May 2020
11,000
DisposedDirect InterestName of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD URUSHARTA JAMAAH SDN BHD (NOMURA 1)Address of registered holderLEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG, 50450 KUALA LUMPURDescription of "Others" Type of Transaction
Circumstances by reason of which change has occurredDisposedNature of interestDirect InterestDirect (units)15,845,267Direct (%)6.377Indirect/deemed interest (units)Indirect/deemed interest (%)Total no of securities after change15,845,267Date of notice19 May 2020Date notice received by Listed Issuer21 May 2020
Remarks :The total direct shares of 15,845,267 are held as follows: - 1) Citigroup Nominees (Tempatan) Sdn Bhd, Urusharta Jamaah S B (Aberdeen 1) - 4,766,633 2) Citigroup Nominees (Tempatan) Sdn Bhd, Urusharta Jamaah Sdn Bhd (Maybank 1) - 6,102,634 3) Citigroup Nominees (Tempatan) Sdn Bhd, Urusharta Jamaah Sdn Bhd (Nomura 1) - 4,976,000
Announcement Info
Company NameBOUSTEAD HEAVY INDUSTRIES CORPORATION BHDStock NameBHICDate Announced21 May 2020CategoryChange in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016Reference NumberCS2-21052020-00082
2020-06-11 10:49
untung Sikit je :). Besides higher revenue from MRO projects, BHIC said the reversal of expected credit losses of RM18.6 million also contributed to the group’s improved financial performance for the quarter.
2020-06-11 16:40
Received 154.3mil submarine contract from mindef. Order value near to share mkt capitalization
2020-06-17 12:43
Dont touch tabung haji punya counters, they are well known in lousy company management
2020-07-06 16:28
DON'T TOUCH THIS COUNTER. YOU ALL HAVE NO IDEA HOW SERIOUS ARE THE PROBLEMS FACED BY ITS ASSOCIATED COMPANY BNS FOR LCS PROJECT. CREDITORS WILL START SUING FOR DEBTS OWED! TRUST ME BECAUSE I KNOW AND I CAN'T DISCLOSE ANY INFORMATION HERE.
2020-07-09 08:17
Victor Yong This company no more in oil n gas business. The O & G Division has been closed after Petronas terminated and withdraw its license.
2020-07-09 08:22
Pls avoid this counter. Company having difficulty in paying staff salaries already.
2020-08-11 12:29
Staff salaries (for those earning RM5,000 n above) for the month of July 2020 were paid in 2 portions, 50% at the end of July 2020 n the balance 50% in the 1st week of August 2020. The staff salaries for the month of August 2020 will be the same method. As for Sept 2020, will have to wait n see.
2020-08-29 08:05
It has a lousy board. No industry experience providing zero steer. Now not paying staff - useless.
2020-11-20 08:25
Condom004. How to fly when UJSB has to dispose all of its share holdings? Anyway, pls stay away from this counter. More bad news to come in the near future.
2020-11-28 14:52
aduh.. better faster made payment to daya lo.. u c my daya Jam Sana kuat lama.. bayar la hutang.. kakaka..
2020-12-03 08:38
Anti-Corruption Commission on possible irregularities found in the latter's associate company, Boustead Naval Shipyard Sdn Bhd (BNS).
2020-12-03 08:41
The project, comprising an order for six LCS to be constructed for the Royal Malaysian Navy, was awarded to BNS by the Ministry of Defence in 2011.
According to news reports, the first ship from the project should have been delivered in April 2019. However, not even one ship had been completed so far, although the Government had paid BNS RM6 billion.
2020-12-03 08:41
3. Littoral Combat Ships Project
Included in Note 5, Note 19 and Note 20 to the financial statements are revenue of RM7,413,000,
receivable of RM7,961,000 and contract liabilities of RM 6,020,000 respectively generated from the
Littoral Combat Ships Project.
On 25 September 2015, Daya OCI Sdn. Bhd. (“DOCI”) was appointed as the subcontractor to
supply heating ventilation and air conditioning (HVAC) system for six units of Littoral Combat Ships
(“LCS Project”).
(a) The LCS project was suspended in January 2020 due to non-payment from the customer.
The management is of the view that total amount receivable from this customer amounting to
RM7,961,000 as at the end of the reporting period is recoverable and no expected credit loss
is required.
(b) The allocation of the budgeted and actual costs for the LCS Project have not been
appropriately allocated to the six separate performance obligations in accordance with MFRS
15 Revenue from Contract with Customers.
As a result of the above matters, we were unable to obtain sufficient appropriate audit evidence to
conclude that the closing balance of amount receivable from the customer and any consequential
expected credit loss, the opening and closing contract balances and the contract revenue relating to
the LCS Project have been appropriately recognised in the financial statements during the financial
period.
2020-12-03 08:48
Please cincai cincai made 6 sampan then give to government to clear 6billions debt. You got how many ship in government no one care. If really war with singapore also 100% loose. Extra 6ship no different. Build sampan to clear account can liao
2021-04-22 02:12
My new article on Boustead Holdings Bhd. Hope it could add value to all the i3 members. Stay safe Guys
https://klse.i3investor.com/blogs/TimelessInvestment/2021-06-05-story-h1566073244-Boustead_Holdings_Bhd_BHB_A_Turnaround_Story.jsp
2021-06-05 16:42
Boustead Holdings Bhd has appointed Izaddeen Daud as group chief executive officer effective Dec 1, 2022, succeeding Datuk Seri Mohamed Shazalli Ramly.
Shazalli, who was appointed on Dec 1, 2020, has completed his tenure after two years of service.
In a statement, Boustead said Izaddeen’s appointment was in line with the Boustead Group’s Senior Leadership Succession Programme. Prior to his appointment, Izaddeen, 54, was Boustead’s deputy group managing director
2022-11-30 16:52
Boustead chairman Datuk Seri Mohd Redzuan Md Yusof said: “The board has agreed to appoint Izaddeen, who has huge experience and an excellent track record in the corporate sector.“
“He has the board’s full support to lead the group in strengthening the existing core businesses and developing new ventures that will further increase the shareholder value and take Boustead to new heights,” he said.
Izaddeen holds a Bachelor of Science (Hons) in Accounting and Law from De Monfort University, Leicester, the UK.
2022-11-30 16:52
Most educated people are trained to be thieves. What a shame.
They are smug and claim it is the smart way of making money, ie scamming.
2022-11-30 16:59
Boustead a high debt laden co
Boustead group of companies
Affin bank
Bplant
Bhic
Pharmaniaga
Affin Bank
Under bank negara control
Already paid 30 sen dividend to help Boustead but insufficient
Pharmaniaga
In deep impairment due to unsold vaccines
Payables caused losses and triggered Pn17
And the sell down
Bhic
Another lemon
Bplant
This is the golden goose
Lands of 220,000 acres worth multiple billions if sold to unlock cash and ultimate helper of last resort
Verdict is go buy bplant and hold
2023-03-02 21:53
The Prime Minister is also scheduled to hold a bilateral meeting with President of the Russian Federation Vladimir Putin. This meeting will provide an opportunity for both leaders to take stock and discuss bilateral relations, including trade and investment, higher education, Technical and Vocational Education and Training (TVET), agriculture and food security, and tourism, and explore collaboration in new areas such as aerospace and advanced technologies. They are also expected to exchange
perspectives on the Russia-Ukraine conflict and the situation in the Middle East.
Is the company will benefit something from this?
2 months ago
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more profitable in future after VSS.
Right-sizing Exercise
An exercise was undertaken to identify the optimal organisational structure for the Group. An
obvious component of this exercise is a critical review of appropriate human capital resources,
which will impact the entire Group. Specific right-sizing initiatives, based on the Group’s
established performance appraisal processes, have commenced in all primary operating
facilities, including the head office and will lead to a reduction in overall employee headcount.
This exercise is expected to be completed by 30 June 2021.
As at 31 March 2020, a total of 160 personnel had accepted the mutual separation scheme
offered by the Group since 2016 with a total payment of RM11.5 million.
2020-06-10 20:40