Previously, Boustead’s intention to privatise and delist Boustead Projects from the exchange, led to the closing of its privatisation offer on March 27. It was granted three months extension until June 26, followed by another three-months extension until Sept 26 to explore options to comply with the listing rules.
At present, Boustead Projects is in discussions with Boustead about the exit offer proposal. Boustead will keep shareholders informed of any further developments in this regard.
Shares in Boustead closed flat at 84 cents on Oct 17.
