Boustead Holdings


Boustead Holdings Berhad 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.
After World War II, Malaya declared independence from the British and Singapore declared independence from Malaysia. This saw Boustead & Co split into three entities in 1975, Boustead Plc in London, 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 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.

Subsidiaries

Plantation

  1. Boustead Plantations Berhad
  2. Boustead Estates Agency Sdn Bhd
  3. Boustead Telok Sengat Sdn Bhd
  4. Boustead Rimba Nilai Sdn Bhd
  5. Boustead Pelita Kanowit Sdn Bhd
  6. Boustead Pelita Tinjar Sdn Bhd

    Property

  7. Boustead Properties Berhad
  8. Mutiara Rini Sdn Bhd
  9. Boustead Curve Sdn Bhd
  10. Boustead Hotels and Resorts Sdn Bhd
  11. Boustead Realty Sdn Bhd
  12. Boustead Weld Court Sdn Bhd
  13. Bakti Wira Development Sdn Bhd
  14. Mecuro Properties Sdn Bhd
  15. Asta Canggih Sdn Bhd

    Pharmaceutical

  16. Pharmaniaga Berhad
  17. Pharmaniaga Logistics Sdn Bhd
  18. Pharmaniaga Marketing Sdn Bhd
  19. Pharmaniaga Manufacturing Sdn Bhd
  20. Idaman Pharma Manufacturing Sdn Bhd
  21. Pharmaniaga Life Science Sdn Bhd
  22. Pharmaniaga Research Centre Sdn Bhd
  23. Pharmaniaga Biomedical Sdn Bhd
  24. PT Millennium Pharmacon International

    Heavy industries

  25. Boustead Heavy Industries Corporation Berhad
  26. Boustead Penang Shipyard Sdn Bhd
  27. Boustead Naval Shipyard Sdn Bhd
  28. MHS Aviation Berhad
  29. Boustead Atlas Hall Sdn Bhd
  30. Dominion Defence & Industries Sdn Bhd
  31. BHIC Navaltech Sdn Bhd
  32. Wavemaster Langkawi Yacht Centre Sdn Bhd
  33. BHIC Defence Techservices Sdn Bhd
  34. BHIC Electronics & Technologies Sdn Bhd
  35. Atlas Defence Technology Sdn Bhd

    Trading and industrial

  36. UAC Berhad
  37. Boustead Petroleum Marketing Sdn Bhd
  38. Boustead Engineering Sdn Bhd
  39. Boustead Building Materials Sdn Bhd
  40. Boustead Sissons Paints Sdn Bhd
  41. Boustead Global Trade Network Sdn Bhd
  42. Boustead-Castrol Sdn Bhd

    Finance and investment

  43. Boustead Credit Sdn Bhd
  44. Boustead Travel Sdn Bhd
  45. Boustead Shipping Agencies Sdn Bhd
  46. Boustead Cruise Centre Sdn Bhd

    Private University

  47. The University of Nottingham in Malaysia Sdn Bhd