Boustead, a wake-up call for retail investors?

If there is one key takeaway from the ongoing attempt by Boustead Singapore to privatise and delist its real estate and engineering subsidiary Boustead Projects it is this: when lowball takeover prices are tabled, minority shareholders should reject offers that are clearly exploitative and exercise patience.

On Feb 6, Boustead Singapore announced an offer of 90 cents per share for Boustead Projects.

PHOTO: BOUSTEAD SINGAPORE

David Gerald

Follow topic:

SINGAPORE – Shareholders of the several companies who accepted “lowball” buyout offers must surely be feeling more than a touch of envy – and possibly even regret – at news of the substantial revision in the privatisation offer price for Boustead Projects.

If there is one key takeaway from the

ongoing attempt by Boustead Singapore to privatise and delist

its real estate and engineering subsidiary Boustead Projects it is this: When lowball takeover prices are tabled, minority shareholders should reject offers that are clearly exploitative and exercise patience.

Boustead, a wake-up call for retail investors?

Follow topic:

See more on