Boustead Singapore is exploring the sale of its stake in some of its logistics and industrial assets to a REIT for the potential listing on the Mainboard of the Singapore Exchange(SGX), according to a bourse filing on Jun 12.
The company said that it was undertaking strategic reviews in respect of its stakes in its Singapore assets, which is part of its ordinary course of business to periodically consider options and opportunities in relation to its investments.
“There is no certainty that any transaction will materialise as a result of this process,” the filing reads.
As at end of FY2025 ended March 31, the company's NAV per share was 118.3 cents, up 12% from FY2024's 105.8 cents.
In addition, the company, via ventures and other partnerships, runs various funds that invest in real estate.
Shares in Boustead closed 1 cent higher or 0.806% up at $1.25 on June 12.
