Boustead Singapore

[donmihaihai]

A nice piece of PR.

Doesn't look strange when WFF use a few hundred thousand dollars of his 70M proceeds to buy Boustead Singapore shares.  If the younger Wongs, captains of the ship for many years to come are spending these money buying, then it is a different story.

Yup compared to the proceeds, it's quite "tiny", but perhaps 1) hard to buy big amount of shares in open market, Boustead volume is not high 2) might hit certain % which will incur another mandatory private offer (from FF part), can't remember the threshold and not really care about it as well.

Yup on 1). 

for 2) WFF should be restricted to purchase of 1% within a 6 month period as his interest is between 30% to 50%. 1% is like SGD4 to 5M. He will get there easily based on the current rate of purchase.