GK Goh makes mandatory conditional bid for Boardroom

MAINBOARD-listed GK Goh Holdings has launched a mandatory conditional takeover offer for Boardroom Ltd, a provider of corporate and advisory services, at 57.5 cents a share in cash.

The bid was made through its unit, Salacca Pte Ltd, which, after acquiring 19.4 million shares (representing 10.35 per cent) from Third Avenue Management, enlarged its stake in Boardroom to 44.03 per cent from 33.68 per cent.

This required it to make a mandatory general offer for the rest of Boardroom's shares.