Boustead Industrial Fund Signs Deal with Jumbo Group Unit for Potential Singapore Property Investment
MT Newswires
Jan 20
Boustead Industrial Fund, a 25%-owned fund by Boustead Singapore (SGX:F9D) through subsidiary Boustead Projects, signed a framework deal with Jumbo Group of Restaurants for a potential investment in one of the properties owned by Boustead Industrial Fund, according to a Singapore bourse filing on Monday.
Jumbo Group of Restaurants is a wholly owned subsidiary of Jumbo Group (SGX:42R)
Under the agreement, Jumbo Group of Restaurants and Boustead Industrial Fund will establish a special purpose vehicle to acquire the property at 26 Tai Seng Street, Singapore.
Jumbo Group will own 30% of the special purpose vehicle, while 70% will belong to the Boustead Industrial Fund trustee.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.