Boustead Singapore looks ahead following re-merger with Boustead Projects
BOUSTEAD Singapore’s group chief executive officer Wong Fong Fui is known for being able to turn around businesses and actively make deals for the conglomerate.
But the company’s bid last year to privatise its subsidiary Boustead Projects was met with pushback from segments of the market amid views that the original offer price undervalued the property player.
“I think it was pretty misunderstood,” Wong told The Business Times in an interview.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama