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GK Goh Holdings directors make $1.26 per share privatisation offer

Felicia Tan
Felicia Tan • 5 min read
GK Goh Holdings directors make $1.26 per share privatisation offer
The offer implies a price to consolidated unaudited net asset value per share (P/NAV) of 0.97x.
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The directors of GK Goh Holdings (SGX:G41) , Goh Geok Khim and Goh Yew Lin have made a voluntary conditional cash offer to acquire all the issued and paid-up shares they do not own in GK Goh Holdings. The offer was made via Verveine, a special purpose vehicle (SPV) equally owned by Goh Geok Khim and Goh Yew Lin.

Goh Geok Kim is GK Goh's executive chairman and founder while Goh Yew Lin, the managing director of the company, is his son.

The offerors intend to delist and privatise the company following the completion of the offer.

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