Boustead Holdings

Boustead Holdings Berhad (MYX: 2771) was founded in 1828 as Boustead & Co in Singapore by Edward Boustead, an English businessman. The company was incorporated in 1961 under the Kuala Lumpur, Singapore, Shenzhen and Shanghai stock exchanges.

Boustead Holdings Berhad

Type	Publicly traded company
Traded as	MYX: 2771 SGX: F9D
ISIN	MYL2771OO003
Predecessor	Boustead & Co
Founded	1828
Headquarters	28th Floor, Menara Boustead, 69, Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia
Key people	Lodin Wok Kamaruddin, Deputy Chairman / Group Managing Director
Number of employees	18,000+ (2017)
Parent	Armed Forces Fund Board
Subsidiaries	List of subsidiaries
Website	www.boustead.com.my

After World War II, Malaya declared independence from the British (1957) and Singapore declared independence from Malaysia (1965). This saw Boustead & Co split into three entities in 1975, Boustead Plc in London (which was later reorganized as Boustead & Co), Boustead Holdings Berhad in Malaysia, Boustead Singapore Limited, and Boustead China Co, Ltd.

In 2008, Boustead had 133 subsidiaries, of which 3 companies are listed and 16 associate companies, of which one is listed. It has total assets in excess of RM8 billion and more than 18,000 employees. The major shareholder of Boustead today is Lembaga Tabung Angkatan Tentera (LTAT) the Malaysian Armed Forces Pension Fund. The Boustead Group's operations and business activities can be categorised into six core business areas, namely Plantation, Heavy Industries, Property, Finance & Investment, Trading and Manufacturing & Services.

Boustead, through its Boustead Petroleum Marketing subsidiary, is also a major shareholder of BHP Petroleum, a chain of refilling stations inherited from BP in 2005 after BP's pullout from the Malaysian petrol retail business in 2004.[1]