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Boustead Singapore ( (SG:F9D) ) just unveiled an announcement.
Boustead Singapore said the final prospectus for UI Boustead REIT has been registered with the Monetary Authority of Singapore, marking a key milestone in the proposed listing of the trust. The REIT is managed by UIB REIT Management, a wholly owned unit of UIB Holdings, which is sponsored by UIB Holdings and counts Boustead as an associated company via a roughly 24% stake.
The company cautioned shareholders and potential investors that there is no certainty the proposed transaction will proceed as outlined, and urged them to exercise care when dealing in its shares. Boustead added that it will provide further updates on any material developments in line with Singapore Exchange rules, underscoring that the REIT listing process remains subject to change and market conditions.
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 diversified engineering and technology group based in Singapore, with interests that include real estate and related investment platforms. Through subsidiaries and associated companies, it participates in property development and fund management structures, including stakes in real estate investment trusts focused on regional assets.
YTD Price Performance: 17.24%
Average Trading Volume: 753,303
Technical Sentiment Signal: Buy
Current Market Cap: S$1.1B
See more data about F9D stock on TipRanks’ Stock Analysis page.