It also represents around 20x and 0.9x of Boustead Projects’ consolidated earnings per share (EPS) and net asset value (NAV) per share respectively for the last financial year.
Boustead Singapore has proposed an unconditional cash exit offer of $1.18 per share for shares in Boustead Projects (SGX:AVM
) . The move comes after the former said it will seek an extension of time from the Singapore Exchange (SGX:S68) Regulation (SGX RegCo) to provide updates on its exit offer in September.
This time, the exit offer price is 23.6% higher than Boustead Projects’ last-traded price of 95.5 cents per share before its trading suspension. The exit offer price is also 24.2% higher than the previous offer of 95 cents per share, which closed on March 27.
