<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 7): Boustead Holdings Bhd has bagged a contract extension for the supply and delivery of spare parts and training for the 23rd Navy Frigate Squadron from Ministry of Defence valued at RM43.45 million.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, Boustead said its subsidiary, Boustead Naval Shipyard Sdn Bhd, has received a letter of award from the Ministry of Defence last Thursday (Sept 3).</p></div>

<div class=newsTextDataWrapInner><p>The diversified group said the extension was for a period of two years up to Sept 9, 2017 for the remaining contract value of RM43.45 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Boustead said the contract will not have a material effect on the group's earnings.</p></div>

<div class=newsTextDataWrapInner><p>Recall that Boustead bagged the contract from Ministry of Defence on Sept 11, 2011 with an initial value of RM70 million. The contract was for a period of three years upon its commencement.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Boustead closed at RM3.82 today, gained one sen with some 156,100 shares traded. It has a market capitalisation of RM3.94 billion.</p></div>

<div class=newsTextDataWrapInner><p><span style="font-size:12px"><em>(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)</em></span></p></div>

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KUALA LUMPUR (Sept 7): Boustead Holdings Bhd has bagged a contract extension for the supply and delivery of spare parts and training for the 23rd Navy Frigate Squadron from Ministry of Defence valued at RM43.45 million.

In a filing with Bursa Malaysia today, Boustead said its subsidiary...

Boustead bags extension contract worth RM43.45m from Ministry of Defence

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