The Business Times
business-time-50
SUBSCRIBERS

Hot stock: GK Goh rises 38.5% to S$1.26 offer price

google-preferred-sourceAdd BT as a preferred source
Michelle Zhu

Michelle Zhu

Published Wed, Mar 1, 2023 · 09:48 AM
    • GK Goh's share price movement follows its founder and managing director's S$1.26-per-share offer to take the investment company private.
    • GK Goh's share price movement follows its founder and managing director's S$1.26-per-share offer to take the investment company private. PHOTO: YEN MENG JIIN, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    GK GohHot StockPrivatisationSpotlight

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More