Boustead Singapore reviews assets for possible REIT listing on SGX

There is no guarantee that any transaction will materialise.

Boustead Singapore is reviewing the potential sale of its stake in certain logistics and industrial real estate assets in Singapore to a real estate investment trust to be listed on the SGX Mainboard.

The review is part of the company’s routine effort to explore investment opportunities and unlock shareholder value.

Boustead notes that there is no certainty that any transaction will materialise as a result of this process. Shareholders are advised to exercise caution when dealing in the shares of the Company and to consult their professional advisers when in doubt.

The company will make the necessary announcements on SGXNET should there be any material developments.
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