Boustead Holdings Bhd’s share price ended the day lower on Bursa Malaysia despite its proposed acquisition of Astacanggih Sdn Bhd.

The counter rose to a high of RM5.02 before settling at the day’s low of RM4.98, down four sen from yesterday, with 1,016,800 shares exchanging hands.

In the announcement yesterday, Boustead said the acquisition of the development land from Astacanggih would generate a 25 percent development cost from the RM160 million investment.

- Bernama