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KUALA LUMPUR, March 15 (Bernama) -- Boustead Holdings Bhd (BHB) today announced the revision of terms of contract for the supply of four littoral mission ships for the Royal Malaysian Navy.

In a filing with Bursa Malaysia, BHB said the government agreed that all four vessels would be built and delivered in China at a revised contract price of RM1.048 billion.

BHB was referring to an earlier announcement with regard to the signing of a contract between the Ministry of Defence Malaysia and Boustead Naval Shipyard Sdn Bhd, a subsidiary of BHB, for the supply of four littoral mission ships in collaboration with a partner shipyard in China.

Under the initial contract, the first two vessels would be built and delivered in China and the remaining two would be built and delivered in Malaysia for RM1.17 billion.

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