Boustead Projects

[r0n]

How/Where do you get a NAV of S$252mil?

pls read page 2 of prospectus . 14 properties valuation were already worth more than 400mil. We have yet to include 15th and 16th properties plus any future DBL projects .

And recurring income is set to increase to 36mil by end of this FY.

Dear Curiousparty,

kindly advise on how you got the 400mil valuation, as I understand that they only own 50% of Edward Boustead Centre and I should only take half of the valuation of that Building, which leaves me with just over 387 mil. I also would like to note that there are loans of $221 mil which $174 mil is due within a year. As such I am not certain how you derive your numbers on BP.

[Not Vested]