Boustead & Co. founded in Singapore
A Journey of Innovation and Excellence
History of Boustead Holdings Berhad
Since our start, Boustech has been on a journey to explore innovative technology that can drive success. Our story is one of hard work, determination, and a commitment to excellence.
Year
1828
Boustead Co. listed on Kuala Lumpur Exchange.
Year
1961
Assumed present name, Boustead Holdings Bhd.
Year
1966
LTAT and FELDA became major shareholders.
Year
1976
LTAT acquired controlling interest in Boustead.
Year
1990
Acquisition of a 30% interest in Affin Holdings Berhad
Year
1992
Launch of Mutiara Rini, Boustead’s first large scale property development.
Year
1996
Acquired and launched Mutiara Damansara township.
Year
1999
Opening of the University of Nottingham Malaysia Campus.
Year
2000
- Acquisition of 70% stake in BP Malaysia Sdn Bhd. (renamed to BHPetrol).
- Acquisition of 30% stake in PSC-Naval Dockyard Sdn Bhd (now known as Boustead Naval Shipyard (BNS)) and increased stake in PSC Industries Bhd (now known as Boustead Heavy Industries Corporation Bhd (BHIC) from 31% (2005) to 65%(2009).
Year
2005
- The listing of Al-Hadharah Boustead REIT on Main Board.
- BHIC restructured & relisted on Main Board.
- BHIC, BNS, UAC Bhd and BH Insurance (M) Bhd became subsidiaries.
Year
2007
Boustead Properties Berhad de-listed and privatized under Boustead Group.
Year
2008
- Divestment of Riche Monde in December & Boustead Bulking Sdn Bhd in March.
- Acquired the remaining 50% of Damansara Entertainment Centre (previously known as Cineleisure Damansara) in May.
Year
2009
Disposal of BH Insurance to AXA Affin.
Year
2010
Completed the acquisition of Pharmaniaga Bhd and MHS Aviation Bhd, resulting in Boustead owning 87% and 51% equity interest respectively.
Year
2011
Privatization of UAC Bhd.
Year
2012
Privatization of Al-Hadharah Boustead REIT.
Year
2013
- Listing of Boustead Plantations Berhad on Main Board.
- Rebranding of Affin Hwang Capital upon the successful acquisition of investment banking, asset management and futures businesses of Hwang-DBS (Malaysia) Berhad.
- Boustead Cruise Centre Sdn Bhd successfully completed the acquisition of a jetty and 69 acres of land in Pulau Indah.
Year
2014
Acquisition of 50% of Irat Properties Sdn. Bhd.
Year
2015
- MyTOWN Shopping Centre opens its doors to the public.
- The Royale Chulan & Bintang Hotels & Resort undertook a rebranding exercise unifying all eight hotels under one brand name, Royale Chulan.
Year
2017
Transfer of listing status from Affin Holding Berhad to Affin Bank Berhad on the main market.
Year
2018
Boustead Holdings Berhad and its subsidiaries namely Pharmaniaga Berhad, Boustead Heavy Industries Corporation Berhad and Boustead Plantations Berhad underwent major boardroom changes.
Year
2019
- Boustead launched a 3-Year Group-Wide Transformation Plan (EDGE20).
- Boustead embarked on Reinventing Boustead strategy.
Year
2020
- Disposal of Boustead Cruise Centre.
- Created Boustead Technology Sdn. Bhd. And Boustead Digital Sdn. Bhd.
Year
2021
- Rebranding Boustead Technology Sdn. Bhd. to Boustech
Year
2022
Synergy
Technology solution partner to OpCos by capturing value primarily through improving operational excellence
Scalability and a bigger market outlook beyond Boustead OpCos
Potential technology
adoption by OpCos
NEW REVENUE STREAM
Identify, accelerate and deploy technology in creating new revenue stream
