Another exit offer for Boustead Projects

Boustead Singapore said the exit offer was made at the earliest practicable time after the expiry of its moratorium on Sept 27. — The Straits Times

SINGAPORE: Boustead Singapore has proposed an unconditional cash exit offer for its real estate unit Boustead Projects at S$1.18 per share.

This is 23.6% higher than Boustead Projects’ last-traded price of 95.5 Singapore cents prior to its trading suspension. It also represents a 24.2% increase from its previous voluntary unconditional general offer of 95 Singapore cents per share, which closed at 5.30pm on March 27.