Boustead in revamp deals

PETALING JAYA: Boustead Holdings Bhd made a slew of announcements yesterday ranging from a venture into planting and extracting algae oil to the disposal of a parcel of land located along Jalan Cochrane and the resignation of one of its board members.

Yesterday, the loss-making conglomerate announced its venture into algae oil that would see Boustead partnering with Next Generation Oil Sdn Bhd for the development of large-scale algae plantations to meet the increasing global demand for biofuels.

Excerpt taken from The Star. Click here to read the rest of this article.