Boustead Projects

[ghchua]

Approximate percentage of the total number of issued Shares owned, controlled or agreed to be acquired by the Offeror and Offeror’s Concert Parties after such dealings - 80.69%

Is the disclosure interpreted as Mr FF Wong and parties in concert had already accepted the revised offer?

Hi setan,

The answer is no. As explained by me earlier, the offer is not extended to FF Wong. If the offer is not extended to him, how could he have accepted the offer that is not on his table?

The 80.69% that you have put out here includes the shares owned by Offeror’s Concert Parties, which includes FF Wong's stake. It doesn't mean that all the concert parties have accepted the offer.