Substantial shareholder of two Boustead companies looking to make an exit
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Singapore
A SUBSTANTIAL shareholder has expressed his intention to make an exit, said Boustead Singapore and Boustead Projects on Monday in response to queries by the Singapore Exchange regarding a spike in their trading activity.
Shares of the infrastructure engineering company rose over 6 per cent in heavy trading on Monday, before closing at 80.5 Singapore cents, up 4.5 cents. Some 31.6 million shares worth S$24.1 million changed hands.
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