On July 9, Rumah & Co, a consortium made up of Rumah Property, Oregold, Globalcities Consult and Silverstone Ventures, made a voluntary unconditional cash offer of 16.8 cents per share for all the shares it does not own in GYP Properties.
Following the lifting of its trading halt on July 12, shares in GYP Properties surged 1.9 cents or 12.75% higher to reach 16.8 cents as at 1.02pm.
The share price is the same as the offer price made by Rumah & Co.
