, Singapore
186 views
Logo from Boustead Projects

Boustead Singapore, Boustead Projects in talks on exit offer proposal

On 26 September, SGX ordered Boustead Projects to delist.

Boustead Projects Limited (BPL) said it is "in discussions" with Boustead Singapore Limited (BSL) to furnish an exit offer compliant with the Singapore Exchange's directives.

SGX has ordered BSL to make a "fair and reasonable" exit offer, which "includes a cash alternative as the default alternative."

In a bourse filing, BPL said it "intends to take the necessary actions to implement the transactions contemplated by the SGX RegCo’s directives as set out in the delisting notice."

On 26 September, SGX ordered Boustead Projects to delist after it failed to restore its public float to at least 10%. 

BSL will have until 14 November to submit its exit proposal for BPL.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!