Monday, April 21, 2014

Boustead in talks to expand industrial portfolio

Boustead Singapore, the infrastructure-related engineering service provider, said on Monday that it has started "certain discussions" to enhance shareholders' value.

Replying to a query from the SGX on the trading activity of its stock, Boustead said it has "commenced certain discussions'' relating to "its strategy to expand its industrial leasehold portfolio to enhance recurring income and also to achieve a critical mass in order to unlock the value of its portfolio".

"However, in respect of the group's assets, no memorandum of understanding of a binding nature or any other definitive agreement has been entered into and no firm decision has been made whether to proceed with any sale transaction,'' Boustead said.

Boustead closed 1.04% higher at 1.94 cents for the day.


 

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