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The latest announcement is out from Boustead Singapore ( (SG:F9D) ).
Boustead Singapore Limited announced its intention to enter into several transactions with its subsidiary, Boustead Projects Limited, concerning the Boustead Real Estate Fund. The company will assume Boustead Projects Limited’s rights and obligations under a subscription agreement and purchase a majority stake in the fund, comprising 51% of the issued units, for approximately S$39.3 million. This strategic move is expected to enhance Boustead Singapore’s position in the real estate sector by consolidating its control over the fund, potentially impacting its market operations and stakeholder interests.
More about Boustead Singapore
Boustead Singapore Limited is a diversified company involved in various industries, including real estate and engineering services. It operates through subsidiaries such as Boustead Projects Limited, focusing on managing and developing real estate projects.
YTD Price Performance: 33.01%
Average Trading Volume: 538,250
Technical Sentiment Signal: Buy
Current Market Cap: S$674M
For detailed information about F9D stock, go to TipRanks’ Stock Analysis page.