As such, the exchange has directed the company to be delisted if its free float is not restored to at least 10% and it has to make a fair and reasonable exit offer to the shareholders.
The Singapore Exchange 
) and its controlling shareholder Boustead Singapore (SGX:F9D) following the former’s free float restoration deadline.
Boustead intends to privatise and delist Boustead Projects from the exchange, closing its privatisation offer on March 27. It was granted three months extension until June 26, followed by another three-months extension until Sept 26 to explore options to comply with the listing rules.
