According to PSC Corp’s annual report for the FY2024 ended Dec 31, 2024, Sin Huat Company is deemed as a substantial shareholder behind Goi’s 31.82% stake and Violet Profit Holdings Limited, which holds 24.59% of PSC’s shares. A certain Ku Yun-Sen is deemed to be interested in Violet Profit’s stake while Bernard Cheng Koh Chuen and Cheng Chih Kwong @ Thie Tji Koang are deemed to be interested in Sin Huat’s stake.
PSC Corporation’s executive chairman Goi Seng Hui, also known as Sam Goi, has made a mandatory conditional cash offer of 40 cents for the shares he does not own in the Mainboard-listed consumer essentials company.
The offer comes after Goi purchased 63 million shares from Sin Huat Company on July 10 also at 40 cents apiece. Sin Huat’s shares, which represent a 11.55% stake in PSC Corporation, brings Goi’s total stake to 43.38%.
