Boustead Singapore has launched a voluntary unconditional offer for all the shares in Boustead Projects it does not own for 90 cents each. The company intends to privatise Boustead Projects and delist it from the Mainboard of SGX-ST. As at Feb 6, Boustead Singapore directly holds 171 million shares representing approximately 54.87% of the total number of issued shares of Boustead Projects. The proposed acquisition of the shares is in line with Boustead Singapore's intentions and ongoing strategic reviews and objective to streamline its investments, businesses, operations and the corporate structure of the group.