Boustead Singapore secures more than 80% of real estate subsidiary

It is equivalent to an aggregate of 271,113,999 shares.

Boustead Singapore has acquired 86.55% of the total number of shares of its real estate subsidiary, Boustead Projects, which is over 271,113,999 shares.

Under the bourse filing, the announcement has “all references to the percentage shareholding interest are based on the Company’s issued and paid-up capital of 313,260,631 Shares (excluding treasury shares)”

The responsibility of the Boustead Singapore directors “has been to ensure, through reasonable enquiries, that such information is accurately and correctly extracted from such sources or, as the case may be, accurately reflected or reproduced in the announcement.”

Boustead Singapore previously said it is “offering to buy all of Boustead Projects Limited’s shares for $0.95 each share.