SHARES of both Boustead Singapore : F9D 0% and Boustead Projects : AVM 0% climbed on Tuesday (Feb 7) after the former on Monday made an offer to take its real estate subsidiary private. 

As at 9 am, Boustead Singapore rose 10.3 per cent or S$0.085 to S$0.91, while Boustead Projects rose 10.7 per cent or S$0.09 to S$0.93. The last time the counters traded at such levels was in September and July 2022, respectively.

Boustead Projects later eased to trade at S$0.915, up S$0.075 or 8.9 per cent, as at 9.28 am. Its parent company was up S$0.06 or 7.3 per cent at S$0.885 by 9.29 am.