Malaysia’s Boustead Heavy Industries (BHIC) has again moved to scotch talk of privatisation.

The Kuala Lumpur-listed shipbuilder responded to reports that the company’s largest shareholder is planning a full takeover sometime during this quarter.

“BHIC has not received any indication or direction from its shareholders with regards to any major acquisition of shares in the Company which might include potential privatisation,” it said in a stock exchange release.

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