Goodpack hits highs amid reports of KKR talks

[SINGAPORE] Goodpack's shares continued marching to record highs yesterday, amid news reports that it is in advanced talks with US private equity firm KKR & Co.

Its shares ended two cents higher at S$2.47 yesterday, far above the record of S$2.15 last reached in July 2007. Its shares have risen for four straight days, with increased trading volumes in the last two.

Reuters and Wall Street Journal (WSJ), quoting unnamed sources, yesterday reported that KKR is nearing a deal to buy the Singapore packaging logistics company for at least US$1 billion.