GKG Investment Holdings had purchased 303,500 shares for $382,410 – or $1.26 apiece – via the market on March 9. The purchase raised GKG Investment Holdings’ stake in GK Goh Holdings to 64.59% from 64.49% previously.
The younger Goh, who is deemed to be interested in the shares held by GKG Investment Holdings Pte Ltd and his family members, now has a collective stake of 64.6% in GK Goh Holdings.
On Feb 28, the Gohs made a voluntary conditional cash offer of $1.26 per share to acquire all the issued and paid-up shares they do not own in the company. Following the announcement, shares in GK Goh Holdings surged by 38.5% from 91 cents to $1.26 cents, which is the price offered by the Gohs.
Shares in GK Goh closed flat at $1.26 on March 9.
