KUALA LUMPUR (Nov 4): Boustead Holdings Bhd has received a non-binding letter of intent (LoI) from the government for the supply of four vessels to the Royal Malaysian Navy.

In a bourse filing, Boustead said the vessels are littoral mission ships.

The LoI, dated Oct 26, was received via its subsidiary, Boustead Naval Shipyard Sdn Bhd, it said.

“The company will make further necessary announcements on the project in due course,” it said.

Shares in Boustead Holdings closed down 1 sen or 0.47% at RM2.14 today, giving it a market capitalisation of RM4.32 billion.