Boustead Singapore has extended the closing date of its exit offer to 5.30pm on Jan 10, 2024, from Dec 27 previously.
As at 6pm on Dec 22, the group has received valid acceptances of 309.39 million shares representing around 98.76% of the total number of shares in Boustead Projects .
Boustead Singapore first made the voluntary unconditional offer for the shares in Boustead Projects on Feb 6 at 90 cents apiece. The offer was increased to $1.18 per share on Nov 15 after Boustead Singapore F9D said that it will seek an extension of time from the Singapore Exchange S68 Regulation (SGX RegCo) to provide updates on its exit offer.
Shares in Boustead Singapore and Boustead Projects closed at 85.5 cents and 95.5 cents respectively on Dec 22.
