Boustead Singapore Explores Sale of Real Estate Assets to Planned REIT; Shares Up 6%

MT Newswires

06-13

Boustead Singapore (SGX:F9D) is considering selling its logistics and industrial real estate assets to a real estate investment trust to be listed on the Singapore Exchange, according to a Singapore bourse filing on Thursday.

The potential sale is part of a strategic review aimed at unlocking shareholder value.

The company said the review remains exploratory, with no assurance that a transaction will materialize.

Shares of the company were up nearly 6% in recent trading.

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