Exit offer for Boustead Projects closes

It received valid acceptances amounting to 74,998,330 shares.

The exit offer for Boustead Projects (BPL) has closed with total valid acceptances reaching 74,998,330 shares or 23.94% of the company's total shares.

The valid acceptances include 62,631,608 shares received from parties acting in concert with Boustead Singapore (BSL), representing 19.99% of BPL's shares.

At the final closing date, the number of shares BSL owned and controlled in BPL amounted to 311,524,742, or about 99.45% of the latter's total shares.

Following the exit offer completion, BPL will be delisted from the SGX-ST official list.

BSL will announce the date of delisting at a later time.

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