Boustead Singapore F9D has announced that it has received valid acceptances of its exit offer amounting to 7,230,809 shares in Boustead Projects , representing approximately 2.31% of its total shares, as at Dec 13.
On Nov 20, Boustead Singapore finalised its exit offer of $1.18 per share to shareholders of Boustead Projects, which will be delisted from the Singapore Exchange S68 Securities Trading (SGX-ST) upon completion of the offer.
The exit offer price is 23.6% higher than BPL’s last traded price of 95.5 cents and 24.2% higher than the 95 cents previously offered.
Following the acceptances, shares owned or agreed to be acquired in Boustead Projects by Boustead Singapore and its concert parties amount to a total of 306,328,829 shares, representing approximately 97.79% of the total.
Shares in Boustead Singapore closed 0.5 cents lower or 0.59% down at 84.5 cents on Dec 13.
