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Boustead Singapore receives exit offer acceptances totalling 7,230,809 shares in Boustead Projects

Bryan Wu
Bryan Wu • 1 min read
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. Photo: The Edge Singapore
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Boustead Singapore F9D -

has announced that it has received valid acceptances of its exit offer amounting to 7,230,809 shares in Boustead Projects AVM - , 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.

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