Boustead Singapore Limited (SGX:F9D) has made an offer to acquire remaining 4.5% stake in Boustead Projects Limited (SGX:AVM) for SGD15 million on November 14, 2023. Boustead Singapore's shareholders approved the transaction. BPL has appointed PrimePartners Corporate Finance Pte. Ltd. as its independent financial adviser and Boustead Singapore has appointed Ernst & Young Corporate Finance Pte Ltd as its IFA.

Boustead Singapore Limited (SGX:F9D) completed the acquisition of remaining 4.5% stake in Boustead Projects Limited (SGX:AVM) on January 26, 2024.