Boustead Holdings Berhad (BHB) () is a

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

n corporation with over 16,000 employees across more than 90 listed and non-listed companies in Malaysia, Indonesia and the United Kingdom. It is an affiliate of the Malaysian military. BHB was founded in 1828 as ''

Boustead & Co Boustead & Co. is an asset management and corporate finance company created by Edward Boustead in 1828 that still exists today. History In 1828, Edward Boustead arrived in Singapore on board the British ship ''Hindustan''. In the same year, he e ...

'' in

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

by Edward Boustead, an English businessman. The company was incorporated in 1961, and is currently listed on the

Kuala Lumpur Kuala Lumpur (KL), officially the Federal Territory of Kuala Lumpur, is the capital city and a Federal Territories of Malaysia, federal territory of Malaysia. It is the largest city in the country, covering an area of with a census population ...

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

History

In 1975, Boustead & Co split into four entities: Boustead Plc in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

(which was later reorganized as Boustead & Co), Boustead Holdings Berhad (BHB) in Malaysia, Boustead Singapore Limited, and Boustead China Co, Ltd. The major shareholder of BHB is Malaysian military pension fund statutory board –

Armed Forces Fund Board The Armed Forces Fund Board (also commonly known by its Malay name Lembaga Tabung Angkatan Tentera and LTAT in short) is a statutory body which manages the pension fund for certain members of the Malaysian Armed Forces. LTAT was established in Au ...

Organisation

The Group’s business interests are focused in key sectors of the Malaysian economy via its five Divisions:

Property & Industrial

The division engages primarily in property development and investment, hotel management (under the Royale Chulan hotel chain), project management as well as manufacture and distribution of cellulose fibre cement products.

Pharmaceutical

The division is the largest listed pharmaceutical group in Malaysia and involved in various segments of the pharmaceutical value chain, from research and development to the manufacturing of generic drugs, over-the-counter medicines and nutraceuticals, logistics and distribution, regulatory, sales and marketing as well as retail pharmacy.

Heavy Industries

The Division (

Boustead Heavy Industries Corporation Boustead Heavy Industries Corporation Berhad, () often abbreviated as BHIC is a Malaysian industrial group specialised in defence, naval and commercial shipbuilding, ship repair, fabrication of offshore structures as well as maintenance, repa ...

) caters to the defence security, marine and aerospace sectors, providing a range of services to Government and commercial clients including shipbuilding, ship repair, maintenance, repair and overhaul (MRO), manufacturing of components and systems, maritime training and integrated logistics support, among others.

Trading, Finance & Investment

Under this division, Boustead is involved in diverse sectors within the Malaysian economy with core businesses include a home-grown retail petroleum network, the provision of financial products as well as travel and tourism related services.

Subsidiaries

Its major subsidiaries include Affin Bank,

Pharmaniaga Pharmaniaga Berhad (Pharmaniaga) is a Malaysian pharmaceutical company. It is a subsidiary of Boustead Holdings, an affiliate of the Malaysian military. History Pharmaniaga was established in 1994 as ''Remedi Pharmaceuticals''. The company wa ...

, and BHPetrol''. Its subsidiary Pharmaniaga was appointed as the

distributor A distributor is an electric and mechanical device used in the ignition system of older spark-ignition engines. The distributor's main function is to route electricity from the ignition coil to each spark plug at the correct time. Design ...

Sinovac Sinovac Biotech Ltd. () is a Chinese biopharmaceutical company based in Haidian District, Beijing that focuses on the research, development, manufacture, and commercialization of vaccines that protect against human infectious diseases. The com ...

COVID-19 vaccine for the Malaysian market during the

COVID-19 pandemic The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...

. Boustead also operates The Curve mall in

Damansara, Selangor Damansara is a suburb in Petaling Jaya, a mukim in Petaling District, as well as a Damansara (Selangor federal constituency), parliamentary constituency in Selangor, Malaysia. It is named after the Damansara River which flows nearby. It is one of ...

. The mall is connected to an

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store.

References

{{authority control 1828 establishments in British Malaya Conglomerate companies of Malaysia Companies based in Kuala Lumpur Companies listed on Bursa Malaysia Government-owned companies of Malaysia Armed Forces Fund Board