Boustead Projects to delist from SGX Mainboard on 9 February

The company will delist with no compulsory acquisition.

Boustead Projects will delist from the SGX Mainboard at 9:00 am on 9 February.

The delisting follows the closing of the company’s exit offer, which received total valid acceptances of 74,998,330 shares, representing 23.94% of Boustead Projects' total shares.

Since the exit offer failed to reach the 90% threshold for non-controllable shares, Boustead Singapore will delist with no compulsory acquisition.

Following the delisting, shareholders holding shares deposited with CDP will be sent physical share certificates.

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