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Boustead Projects Limited
Offer
Boustead Singapore makes exit offer of $1.18 for Boustead Projects’ shares
The exit offer price is 23.6% higher than Boustead Projects’ last-traded price of 95.5 cents per share.
November 15, 2023
Property
Boustead Projects makes several transactions to redevelop 36 Tuas Road to cater to logistics and manufacturing sectors
The redevelopment is expected to be completed in the first half of 2025.
June 23, 2023
Offer
Boustead Projects seeks three-month extension to comply with free float rule
Boustead Projects adds that Boustead Singapore is “exploring various options” to comply with the listing rules.
April 05, 2023
Offer
SGX RegCo says Boustead Projects has to restore free float
SGX RegCo, on March 22, stressed its position in response to the queries it received for the offer on Boustead Projects.
March 22, 2023
Offer
Boustead Projects to be delisted after losing free float
Trading of shares in Boustead Projects has been suspended.
March 20, 2023
Property
Metro Holdings and Boustead Projects announce joint acquisition of industrial property in Tai Seng for $98.8 mil
Factoring in the estimated upfront land premium, the total cost of the acquisition is estimated to be $109.5 million.
January 30, 2023
Company in the news
Boustead Projects' wholly-owned subsidiary slapped with $94,000 in fines after pleading guilty to charges under ANA
The charges were in relation to the use of unmanned drones by Boustead Projects E&C at two of its construction sites.
March 29, 2022
Broker's Calls
CGS-CIMB ups Boustead Projects' TP to $1.40 on attractive valuation and portfolio
Re-rating catalysts on the counter include stronger order wins or further asset injection into the Boustead Industrial Fund.
May 31, 2021
Results
Boustead Projects reports 972% surge in 2H21 earnings of $133.9 mil due to the Boustead Industrial Fund
The group has proposed a final ordinary dividend of 0.9 cent per share and a special dividend of 14.5 cents per share for the year
May 26, 2021
M&A
Boustead Projects to acquire 49% interest in Vietnam’s KTG Industrial Bac Ninh Development for about US$6.9 mil
The proposed acquisition is said to be made in the “ordinary course” of the company’s real estate business.
February 01, 2021