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GK Goh, four others sued over Australian acquisition

Orange Valley shareholders invoke non-compete clause

Published Wed, Oct 16, 2013 · 10:00 PM

SINGAPORE tycoon Goh Geok Khim's GK Goh Holdings went ahead with an A$161.7 million (S$191.3 million) investment in an Australian residential aged-care services player even as the founding shareholders of private nursing home provider Orange Valley invoked a non-compete clause in legal proceedings against the firm.

One day before GK Goh shareholders were scheduled to vote on the acquisition of Domain Principal Group, which operates 55 nursing homes in Australia…

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