Bank Negara Malaysia (BNM), in a letter dated Aug 7, stated it has no objection for the Armed Forces Fund Board (LTAT) to commence negotiations with Boustead Holdings Bhd on the possible privatisation of the company.

LTAT owns 59.4 percent of Boustead.

In a filing with Bursa Malaysia today, Boustead said it had received a press notice from LTAT which highlighted that the proposed privatisation was subject to...