KOP shares surge as much as 22% as Sam Goi takes 20% stake in company

SINGAPORE (Oct 9): Shares in KOP rose as high as 21.8% to 9.5 cents on Monday after announcing on Saturday that Sam Goi Seng Hui was subscribing up to 221.6 million shares in KOP at 5 cents each to raise up to $11.1 million.

The placement price is 3.8% lower than the stock's Friday close of 5.2 cents.

Sam Goi is the executive chairman of Tee Yih Jia Group, a global food and beverage manufacturer, and of GSH Corporation, which has real estate interests.

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