Pode Singapore is evaluating some assets that may be sold to real estate investment trusts that are preparing to go public

Boustead Singapore is conducting a strategic assessment of some of its logistics and industrial real estate assets in Singapore, including the possibility of dismantling these assets to a real estate investment trust that is preparing to list on the SGX main board.

The Singapore Exchange main board listed company Baode Singapore announced this news after the market closed on Thursday (June 12).

The engineering and technology company said the strategic evaluation process is part of the company's normal business process, with the aim of regularly evaluating investment plans and opportunities to unlock shareholder value. It is not yet certain whether this assessment will lead to any deal.

Bode Singapore's share price rose 0.8% on Thursday, closing at 1.25 yuan.