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.

Follow the link for more news on

Boustead Heavy Industries Corporation Berhad

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia