As at Feb 10, Koh and his related parties already control 81.98% of Global Dragon, or some 559.06 million shares.
Property tycoon Koh Wee Meng, via an entity called JK Global Wealth, plans to privatise another developer Global Dragon (SGX:586
) , which he controls, with an offer of 12 cents per share.
Back in October 2021, Koh Wee Meng had privatised Fragrance Group, another company that he controls.
