Koh, via an entity called JK Global Wealth, first made the offer on Feb 10.
The privatisation of Global Dragon (SGX:586
) will go through after the company’s offerors secured 95.50% of the shares as at the close of March 17.
As the 90% threshold has been crossed, property tycoon Koh Wee Meng will exercise his right to compulsorily acquire the rest of the shares at his offer price of 12 cents per share.
