Boustead Singapore first made the voluntary unconditional offer for the shares in Boustead Projects on Feb 6 at 90 cents apiece. The offer was increased to $1.18 per share on Nov 15 after Boustead Singapore (SGX:F9D
) said that it will seek an extension of time from the Singapore Exchange (SGX:S68) Regulation (SGX RegCo) to provide updates on its exit offer.
Shares in Boustead Singapore and Boustead Projects closed at 85.5 cents and 95.5 cents respectively on Dec 22.
