GK Goh’s Largest Holders Confirm $294 Million Take-Private Offer
- Largest holders offer to buy out shares at S$1.26 each
- The Singapore-listed firm has a market value of $212 million
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GK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed company private in a S$396 million ($294 million) deal, potentially ending its 33-year journey as a publicly-traded firm.
Goh Geok Khim and Goh Yew Lin, who own a 63% stake, proposed to buy out the remaining GK Goh shares for S$1.26 each in cash, according to an exchange statement on Tuesday, which confirmed an earlier Bloomberg News report. The offer price gives investors a premium of around 38.5% to the last closing price on Feb. 24.