Boustead Singapore (SGX:F9D) through its subsidiaries, BP Unity and BP-Real Estate Investments, agreed to dispose of certain fund and property management businesses of the group to UI Holdings, according to a late Wednesday filing.
As a consideration, UI Holdings will issue 35,505,812 new shares worth $78.6 million to Boustead Singapore, resulting in Boustead Singapore acquiring a 24.1% stake in UH Holdings.
Under the agreement, Boustead Singapore will also sell its 50% stake in Echo Base-BP Capital (Vietnam) to UI Holdings, a private real estate investor and fund manager.
In addition, the two parties will also discuss the potential sale of 3% of KTG & Boustead Industrial Logistics to UI Holdings for $2.3 million.
Furthermore, a Boustead Singapore unit will make a capital commitment of at least $11.6 million in UH Holdings.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。