Al Sariya Real Estate L.P. acquired BP-DC Pte. Ltd. from Boustead Projects Limited (SGX:AVM) for SGD 2 on January 16, 2017. Under the terms of the agreement Al Sariya Real Estate also pays SGD 14.96 million loan amount of BP-DC. The Disposal is not expected to have a material effect on the EPS of the Boustead Projects Group for 2016. The Company intends to use the proceeds from the Disposal to fund future projects and the working capital requirements of the Boustead Projects Group. Al Sariya Real Estate L.P. a completed the acquisition BP-DC Pte. Ltd. from Boustead Projects Limited (SGX:AVM) January 16, 2017.