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Boustead Holdings Berhad, one of Malaysia’s oldest conglomerates, can trace its roots to 1828 when Edward Boustead founded a modest trading company in Singapore, shortly after Sir Stamford Raffles established the British Settlement in 1819.
Its core business during those pioneering days was primarily import and export, as well as shipping and insurance agents. With trade growing between the two territories and as the Straits of Malacca became more important as a primary waterway between Europe and the Far East, Edward opened a branch in Penang in 1864.
At the turn of the 20th century, Boustead in the year 1911 diversified its business interest and began trading in rubber. Moving up the value chain, the company expanded into the management and ownership of rubber estates while exporting sheet rubber and latex. As the new nation, Malaya grew rapidly, Boustead expanded its business interest to import and distribution of a variety of goods.
In 1961, Boustead consolidated its various businesses to form a new public listed company known as Boustead & Co. Limited. In 1966, the entity changed its name to Boustead Holdings Berhad and in 1976, the Group became a wholly-owned Malaysian entity.
Today, the Boustead Group has an active interest in key sectors of the Malaysian economy via our five Divisions, namely:
• Property & Industrial
• Heavy Industries and
• Trading, Finance & Investment .
The Group has grown from strength to strength and is a firm believer in delivering shareholder value. Underpinning its solid foundation are its diversified core businesses, which have enabled the Group to remain resilient over these many years.
The Group’s strength lies in the ability to seek opportunities, deliver consistent growth and build talent. With more than 17,000 employees, Boustead is committed to raising the bar in developing Malaysia’s human capital. We continue to strive for excellence to become the preferred choice for customers, shareholders and employees.
The success of Boustead Holdings Berhad is a reflection of the commitment, dedication and integrity of its major shareholder, Lembaga Tabung Angkatan Tentera.