Hot stock: Boustead stocks surge as much as 10% after news of takeover offer
Add BT as a preferred source
SHARES of both Boustead Singapore and Boustead Projects 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.
TRENDING NOW
Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Johor property old hand KSL readies family handover amid market boom
As India and China surge ahead with nuclear energy, all eyes on Asean’s next move
