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The latest announcement is out from Boustead Singapore ( (SG:F9D) ).
Boustead Singapore has announced that the preliminary prospectus for UI Boustead REIT has been lodged with the Monetary Authority of Singapore. The REIT will be managed by UIB REIT Management Pte. Ltd., a wholly owned subsidiary of UIB Holdings Limited, which sponsors the REIT and counts Boustead Singapore as an associated company through its roughly 24% stake via BP-Unity Pte. Ltd.
The company cautioned that there is no certainty the proposed listing or transaction will proceed as outlined, and urged shareholders and potential investors to exercise care when trading its shares. Boustead Singapore said it will provide further updates in line with Singapore Exchange rules as material developments arise regarding the proposed UI Boustead REIT listing.
The most recent analyst rating on (SG:F9D) stock is a Buy with a S$2.50 price target. To see the full list of analyst forecasts on Boustead Singapore stock, see the SG:F9D Stock Forecast page.
More about Boustead Singapore
Boustead Singapore Limited is a Singapore-based conglomerate with interests spanning engineering services, real estate and related investments. Through its associated entities, including Boustead Projects Limited and BP-Unity Pte. Ltd., the group participates in property development and management platforms, including stakes in real estate investment trusts focused on industrial and commercial assets.
YTD Price Performance: 27.01%
Average Trading Volume: 696,486
Technical Sentiment Signal: Buy
Current Market Cap: S$1.14B
Learn more about F9D stock on TipRanks’ Stock Analysis page.