Boustead Singapore

[Nick]

Just realized that Pacific Healthcare's cancellation of their cancer hospital project
http://info.sgx.com/webcoranncatth.nsf/V...0004493CB/$file/Ann.misc-Updates_on_proposed_establishment_of_a_private_cancer_hospital.pdf?openelement

will impact Boustead's order book, albeit slightly.
http://info.sgx.com/webcoranncatth.nsf/V...F0035852D/$file/Boustead_Announcement-Subsidiary_Awarded_SGD18.6M_Contract-2.11.2009.pdf?openelement

There will be no impact on Boustead. The hospital is sold by First REIT to Fortis for $33 million. Fortis will most likely be operating it thereafter.

http://info.sgx.com/webcoranncatth.nsf/V...penelement

an agreement between the Trustee, the Purchaser and Boustead Projects Pte Ltd (“Boustead”) to novate to the Purchaser an agreement dated 30 October 2009 between the Trustee and Boustead in respect of the provision of design and construction works on the Adam Road Investment Property (the “Main Contract” and the agreement to novate the Main Contract to the Purchaser, the “Novation Agreement”).

(Vested in First REIT)