Hot stock: GK Goh rises 38.5% to S$1.26 offer price
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SHARES of GK Goh surged at the start of its first day of trading since its founder and executive Goh Geok Khim and its managing director Goh Yew Lin launched a voluntary conditional offer to take the company private.
As at 9 am on Wednesday (Mar 1), the mainboard-listed counter was 38.5 per cent or S$0.35 higher at the offer price of S$1.26. It remained at this level as at 9.15 am.
GK Goh ended last Friday 1 per cent or S$0.01 lower at S$0.91, before its request for a trading halt on Monday morning.
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