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Boustead Projects’ privatisation offer raised as minority shareholders protest amid more SGX delistings
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Boustead Singapore is now offering 95 cents a share to take its property-focused subsidiary private.
PHOTO: BOUSTEAD SINGAPORE
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SINGAPORE – Boustead Singapore has heeded calls to lift its offer to privatise Boustead Projects at a time when the number of firms dropping off the Singapore Exchange (SGX) has been rising and is expected to continue.
The engineering and property company is now offering 95 cents a share to take its property-focused subsidiary private, up from its original offer of 90 cents on Feb 6.
