Boustead Projects

[weijian]

Hi weijian,

I guess to end all these troubles, just set up a $1 takeover vehicle company and then make the offer for Boustead Projects again via that vehicle, since FF Wong and Boustead Singapore together already own more than 90% of Boustead Projects. After the offer closes, exercise compulsory acquisition on Boustead Projects minorities and delist the company. Offer price can be the same price as the last offer. IFA opinion is not important since its compulsory acquisition.

LOL and yep for whoever still put their trusts in Boustead, can switch over to Boustead Holding instead. 
For me, I will think thrice. 
There is a precedent of low-offer for BP, why not for Boustead also ya? 
Can just say, "hey, the price so low and so illiquid, I give you way out by this low ball, take it or f(uss) it?" hahaha

Hi ksir,

I have been informed that this loophole had been closed since 1 July 2023. It is also minuted in the AGM minutes for BP just released today. Sorry for the misinformation. Please ignore my previous post.

hi ghchua,
So what do you think the end game will be? With FF Wong's publicly stating that "he is not holding on to his Boustead Projects shares in order to fetch a better price as he does not want to benefit at the expense of other shareholders", it seems like dissenting BP shareholders probably wouldn't get a better deal.

With the 6month extension deadline (end Sept) coming soon and the fact there is no more "element of surprise", would we be expecting Boustead Spore to hold an EGM to approve the interested party transaction for FF Wong and either another VG or SOA at the same price?