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GK Goh raises stake in Croesus, eyes higher offer price

The swing voter remains undecided on whether to tender its units to Blackstone

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Published Fri, Jun 30, 2017 · 09:50 PM

Singapore

THE swing voter in Blackstone's bid to take Croesus Retail Trust private has raised its stake in the Japan-based retail business trust even as it remains undecided on whether to tender its units to Blackstone.

GKG Investment Holdings (GKGI), which holds the single largest stake in Croesus, scooped up about nine million units for close to S$10.6 million at an average price of S$1.177 on June 28, filings to the Singapore Exchange late on Thursday showed.

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