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

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.