Boustead files for REIT listing on the SGX Mainboard

It submitted applications on behalf of UIB Holdings Limited.

Boustead Singapore Limited has applied to list a real estate investment trust (REIT) on the Mainboard of the Singapore Exchange (SGX).

Boustead said in a bourse filing that it submitted applications to the SGX and the Monetary Authority of Singapore on behalf of UIB Holdings Limited in relation to a proposed initial public offering (IPO) and listing on the SGX of a REIT whose IPO portfolio is proposed to include Boustead’s stakes in some of its Singapore logistics and industrial real estate assets and other assets not held by Boustead.

The company, through its real estate division Boustead Projects Limited, holds 20% effective shareholding in UIB.

Boustead reiterated that there is no certainty that the IPO or listing will proceed and that it is subject to, among other things, market conditions, commercial negotiations with various counterparties, the relevant regulatory, shareholders’ and other approvals being obtained and the execution of definitive agreements by the relevant parties.

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

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