Boustead Projects

[setan]

The offeror and concert parties hold 73.54% stake. And they have to get at least 90% shares held by independent shareholders which works out to be 23.81%. All in,  the offeror has to own 97.35% stake before privatisation is possible.

Hi Shiyi,

As mentioned by me previously, it is 75% and not 90% of independent shareholders acceptance plus a "Fair and Reasonable" opinion from the IFA for delisting to go through.
https://www.sgxgroup.com/media-centre/20...older-vote

Hi GH,

Based on the currently issued offer document, is Mr. Wong FF included in the concert parties? Or do we need to wait for the final offer document?

If he is not included, the offeror (Boustead Sing) only have a stake of 54.87% and they need a 75% of the remaining stake to accept the offer in order to delist the company.

Is my understanding correct? 

setan