Boustead Holdings Berhad (BHB) () is a

Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...

n corporation with over 16,000 employees across more than 80 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 a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

Edward Boustead Edward Boustead (1800–1888) was an English businessman and philanthropist, who founded Boustead & Co and played an active role in the development of Singapore as a business and trading centre. Boustead was born in Yorkshire, England. He was t ...

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

Kuala Lumpur , anthem = '' Maju dan Sejahtera'' , image_map = , map_caption = , pushpin_map = Malaysia#Southeast Asia#Asia , pushpin_map_caption = , coordinates = , su ...

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 th ...

History

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

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

(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,

Lembaga Tabung Angkatan Tentera 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 Aug ...

(LTAT).

Organisation

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

Plantation

The Division has 44 oil palm estates and 10 oil mills in Malaysia and undertake the full range of oil palm operations from planting, replanting, harvesting of fresh fruit bunches and producing crude palm oil and palm kernels. Our total land bank is approximately 98200 hectares with total under cultivation of 73,500 hectares.

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 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 and solutions as well as travel and tourism related services.

Subsidiaries

Its major subsidiaries include

Affin Bank Affin Bank Berhad d.b.a. AFFIN BANK () is the financial holding company of Affin Islamic Bank Berhad, Affin Hwang Investment Bank Berhad, Affin Moneybrokers Sdn Bhd and AXA AFFIN Life Insurance Berhad. AXA AFFIN General Insurance Berhad is an ass ...

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 ''BH Petrol''. Its subsidiary Pharmaniaga was appointed as the

distributor A distributor is an enclosed rotating switch used in spark-ignition internal combustion engines that have mechanically timed ignition. The distributor's main function is to route high voltage current from the ignition coil to the spark plugs ...

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 comp ...

COVID-19 vaccine for the Malaysian market during the

COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identif ...

. 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 parliamentary constituency in Selangor, Malaysia. It is named after the Damansara River which flows nearby. It is one of the most densely populated areas in Mala ...

, and ''MyTown Shopping Centre'' at

Jalan Cochrane Cochrane Road is a road and a suburb in the Titiwangsa constituency of Kuala Lumpur, Malaysia. It was named after Charles Walter Hamilton Cochrane (1876–1932), who served as British Resident of Perak (1929–1930) and later the Chief Secretary to ...

Maluri Maluri is a suburb in the constituency of Cheras, Kuala Lumpur, situated near the border of the constituency of Titiwangsa. It is located along Cheras Road and can be accessed through Maluri station served by the LRT Ampang Line and the MR ...

Kuala Lumpur , anthem = '' Maju dan Sejahtera'' , image_map = , map_caption = , pushpin_map = Malaysia#Southeast Asia#Asia , pushpin_map_caption = , coordinates = , su ...

. Both malls are connected to an

IKEA IKEA (; ) is a Dutch multinational conglomerate based in the Netherlands that designs and sells , kitchen appliances, decoration, home accessories, and various other goods and home services. Started in 1943 by Ingvar Kamprad, IKEA has been t ...

store.

References

External links

* {{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