Boustead Singapore Limited announced that its wholly-owned subsidiary, Boustead Projects Pte Ltd. has been awarded a multi-million dollar contract by HSBC Institutional Trust Services (S) Limited as trustee of AIMS AMP Capital Industrial REIT to design and build a new facility for a redevelopment of an industrial property in Singapore. The facility will have a gross floor area of approximately 18,850 square metres spread across six floors, including a basement floor. Completion is expected in calendar year second quarter of 2014.

This contract is not expected to have a material impact on the profitability, earnings per share and net asset value per share of Boustead in the current financial year ending 31 March 2013.