GSH, Vibrant stand to book nice gains from GSH Plaza sale
GSH Corp and Vibrant stand to reap net profits of about S$80m and S$28m respectively
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Kalpana Rashiwala
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Singapore
GSH Corporation stands to make a net profit of nearly S$80 million from disposing of its 51 per cent stake in the consortium that holds GSH Plaza.
This figure is based on information released in the regulatory filing by GSH Corporation, which is controlled by "Popiah King" Sam Goi, to the Singapore Exchange on Monday evening. The GSH-led consortium has entered into a binding term sheet with Hong Kong-listed Fullshare Holdings for the proposed sale of the consortium's investment vehicle Plaza Ventures at S$725.2 million.
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