GK Goh offers S$0.88 a share to delist BoardRoom

Singapore

GK GOH Holdings has made a voluntary unconditional cash offer for BoardRoom Ltd, the mainboard-listed corporate secretarial services firm, in a bid to delist it.

GK Goh is offering S$0.88 in cash for each BoardRoom share, in a deal that values the company at S$184.5 million.

At S$0.88, the offer price is a premium of 14.3 per cent to the last transacted price of S$0.77 a share on May 3. The offer price is also an 18.4 per cent premium over BoardRoom's volume-weighted average price for the one month lea…