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Offer
Boustead Singapore closes exit offer for Boustead Projects shares
Following completion of the exit offer, Boustead Projects will be mandatorily delisted from the official list of the SGX-ST.
January 26, 2024
Offer
Boustead Singapore extends offer closing date to Jan 10, 2024
The offer was extended from Dec 27 previously.
December 26, 2023
Offer
Boustead Singapore receives exit offer acceptances totalling 7,230,809 shares in Boustead Projects
Shares owned or agreed to be acquired in Boustead Projects by Boustead Singapore now amount to 97.79% of the total.
December 13, 2023
M&A
Boustead Projects' joint venture set to acquire Vietnamese company Minh Quang for US$10.7 million
KBIL intends to develop a land lot with an area of 136,450 sqm in Vietnam that will be handed over to Minh Quang in 2H2024.
December 12, 2023
Broker's Calls
CGS-CIMB reiterates Boustead Singapore at 'add' and $1.40
Ong expects the company to maintain its strong order backlog to sustain revenue momentum in the current 2HFY2024
December 05, 2023
Offer
Boustead Singapore makes exit offer of $1.18 for Boustead Projects’ shares
The exit offer price is 23.6% higher than Boustead Projects’ last-traded price of 95.5 cents per share.
November 15, 2023
Company in the news
SGX RegCo approves Boustead’s request for extension on exit offer
Boustead will have to provide a progress update within two weeks of the extension approval on Oct 17.
October 17, 2023
Offer
Boustead Singapore seeks extension to provide exit offer details
SGX has asked both Boustead Singapore and Boustead Projects to let them know their proposal on the exit offer by Oct 26.
September 28, 2023
Regulatory Action
SGX RegCo issues notice of compliance to Boustead and Boustead Projects
The company must notify the exchange on its exit offer proposal no later than one month from Sept 26.
September 26, 2023
Broker's Calls
Boustead Singapore is 'big, bold and beautiful', says OCBC
The company is well poised to ride on several megatrends
September 25, 2023