Boustead Singapore revises offer to take real estate subsidiary private

It is now offering to buy all of Boustead Projects Limited’s shares for $0.95 each share.

Boustead Singapore has revised its offer price to take Boustead Projects Limited private to $0.95 for each share.

In a bourse filing, Boustead Singapore said the revised and final offer prices represent an increase of $0.05 or 5.6% from its initial offer of $0.90 per offer share.

“The offer will remain open for acceptances by the company shareholders for a period of 28 days from the date of the electronic dissemination of the offer document,” the company said.

The company added that it does not intend to revise its final offer price and will not extend the closing date of the offer.

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