Boustead Holdings
Boustead Holdings Berhad () is a Malaysian corporation. Founded in 1828 as "Boustead & Co" in Singapore (shortly after Sir Stamford Raffles established the British Settlement in 1819) by Edward Boustead, an English businessman, presently it is an affiliate of the Malaysian military. The present form of the company was incorporated in 1961, and is currently listed on the Kuala Lumpur stock exchanges. Background. After World War II, Malaya declared independence from the British (1957) and Singapore declared independence from Malaysia (1965). This saw Boustead & Co split into four entities in 1975: "Boustead Plc" in London (which was later reorganized  as Boustead & Co), "Boustead Holdings Berhad" in Malaysia, "Boustead Singapore Limited", and "Boustead China Co, Ltd". By 2008, Boustead had 133 subsidiaries, of which 3 companies are listed and 16 associate companies, of which one is listed. It has total assets in excess of RM8 billion and more than 18,000 employees. The major shareholder of Boustead today is Lembaga Tabung Angkatan Tentera (LTAT) - the Malaysian military pension fund. Boustead Holdings has businesses in plantation, heavy industries, Property development, banking and pharmaceutical sectors. Subsidiaries. Its major subsidiaries include Affin Bank, Pharmaniaga, and "BH Petrol". Its subsidiary Pharmaniaga was appointed as the  distributor of Sinovac CoronaVac vaccine for the Malaysian market during the Coronavirus pandemic. Boustead also operates The Curve mall in Damansara, Selangor, and "MyTown Shopping Centre" at Jalan Cochrane, Maluri, Kuala Lumpur. Both malls are connected to an IKEA store.