GK Goh’s Largest Holders Confirm $294 Million Take-Private Offer

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GK Goh’s Largest Holders Confirm $294 Million Take-Private Offer

Bloomberg2023-02-28

Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value of $212 millionGK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed ...

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Starz
·2023-02-28
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Simonnov
·2023-02-28
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·2023-02-28
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The offer price gives investors a premium of around 38.5% to the last closing price on Feb. 24.“The company’s share price has been trading for some time at a discount to book value,” Goh Yew Lin said in a press release. “There is little trading liquidity in the shares. The offer will provide shareholders with the opportunity to realize their investment in the shares at a premium over the prevailing trading price.”Trading of GK Goh’s shares was halted on Monday pending release of an announcement. The company has a market value of S$286 million as of Feb. 24.GK Goh, founded as a Singapore securities business in 1979, is now an investment firm with interests in areas including elderly care, property development and telecommunications, according to its website. It went listed in the city-state in 1990. 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The offer price gives investors a premium of around 38.5% to the last closing price on Feb. 24.</p><p>“The company’s share price has been trading for some time at a discount to book value,” Goh Yew Lin said in a press release. “There is little trading liquidity in the shares. The offer will provide shareholders with the opportunity to realize their investment in the shares at a premium over the prevailing trading price.”</p><p>Trading of GK Goh’s shares was halted on Monday pending release of an announcement. The company has a market value of S$286 million as of Feb. 24.</p><p>GK Goh, founded as a Singapore securities business in 1979, is now an investment firm with interests in areas including elderly care, property development and telecommunications, according to its website. It went listed in the city-state in 1990. GK Goh sold corporate services firm Boardroom Ltd. last year to a consortium led by Temasek Holdings Pte.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GK Goh’s Largest Holders Confirm $294 Million Take-Private Offer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGK Goh’s Largest Holders Confirm $294 Million Take-Private Offer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-28 11:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-02-27/gk-goh-s-largest-holder-is-said-to-consider-take-private><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value of $212 millionGK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-02-27/gk-goh-s-largest-holder-is-said-to-consider-take-private\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-02-27/gk-goh-s-largest-holder-is-said-to-consider-take-private","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188455592","content_text":"Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value of $212 millionGK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed company private in a S$396 million ($294 million) deal, potentially ending its 33-year journey as a publicly-traded firm.Goh Geok Khim and Goh Yew Lin, who own a 63% stake, proposed to buy out the remaining GK Goh shares for S$1.26 each in cash, according to an exchange statement on Tuesday, which confirmed an earlier Bloomberg News report. The offer price gives investors a premium of around 38.5% to the last closing price on Feb. 24.“The company’s share price has been trading for some time at a discount to book value,” Goh Yew Lin said in a press release. “There is little trading liquidity in the shares. The offer will provide shareholders with the opportunity to realize their investment in the shares at a premium over the prevailing trading price.”Trading of GK Goh’s shares was halted on Monday pending release of an announcement. The company has a market value of S$286 million as of Feb. 24.GK Goh, founded as a Singapore securities business in 1979, is now an investment firm with interests in areas including elderly care, property development and telecommunications, according to its website. It went listed in the city-state in 1990. GK Goh sold corporate services firm Boardroom Ltd. last year to a consortium led by Temasek Holdings Pte.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9957761008,"gmtCreate":1677556057605,"gmtModify":1677556060950,"author":{"id":"3555061369475830","authorId":"3555061369475830","name":"Johnsnny","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3555061369475830","idStr":"3555061369475830"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957761008","repostId":1188455592,"repostType":4,"repost":{"id":"1188455592","pubTimestamp":1677553499,"share":"https://ttm.financial/m/news/1188455592?lang=&edition=fundamental","pubTime":"2023-02-28 11:04","market":"sg","language":"en","title":"GK Goh’s Largest Holders Confirm $294 Million Take-Private Offer","url":"https://stock-news.laohu8.com/highlight/detail?id=1188455592","media":"Bloomberg","summary":"Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value o","content":"<html><head></head><body><ul><li>Largest holders offer to buy out shares at S$1.26 each</li><li>The Singapore-listed firm has a market value of $212 million</li></ul><p>GK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed company private in a S$396 million ($294 million) deal, potentially ending its 33-year journey as a publicly-traded firm.</p><p>Goh Geok Khim and Goh Yew Lin, who own a 63% stake, proposed to buy out the remaining GK Goh shares for S$1.26 each in cash, according to an exchange statement on Tuesday, which confirmed an earlier Bloomberg News report. The offer price gives investors a premium of around 38.5% to the last closing price on Feb. 24.</p><p>“The company’s share price has been trading for some time at a discount to book value,” Goh Yew Lin said in a press release. “There is little trading liquidity in the shares. The offer will provide shareholders with the opportunity to realize their investment in the shares at a premium over the prevailing trading price.”</p><p>Trading of GK Goh’s shares was halted on Monday pending release of an announcement. The company has a market value of S$286 million as of Feb. 24.</p><p>GK Goh, founded as a Singapore securities business in 1979, is now an investment firm with interests in areas including elderly care, property development and telecommunications, according to its website. It went listed in the city-state in 1990. GK Goh sold corporate services firm Boardroom Ltd. last year to a consortium led by Temasek Holdings Pte.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GK Goh’s Largest Holders Confirm $294 Million Take-Private Offer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGK Goh’s Largest Holders Confirm $294 Million Take-Private Offer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-28 11:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-02-27/gk-goh-s-largest-holder-is-said-to-consider-take-private><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value of $212 millionGK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-02-27/gk-goh-s-largest-holder-is-said-to-consider-take-private\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-02-27/gk-goh-s-largest-holder-is-said-to-consider-take-private","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188455592","content_text":"Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value of $212 millionGK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed company private in a S$396 million ($294 million) deal, potentially ending its 33-year journey as a publicly-traded firm.Goh Geok Khim and Goh Yew Lin, who own a 63% stake, proposed to buy out the remaining GK Goh shares for S$1.26 each in cash, according to an exchange statement on Tuesday, which confirmed an earlier Bloomberg News report. The offer price gives investors a premium of around 38.5% to the last closing price on Feb. 24.“The company’s share price has been trading for some time at a discount to book value,” Goh Yew Lin said in a press release. “There is little trading liquidity in the shares. The offer will provide shareholders with the opportunity to realize their investment in the shares at a premium over the prevailing trading price.”Trading of GK Goh’s shares was halted on Monday pending release of an announcement. The company has a market value of S$286 million as of Feb. 24.GK Goh, founded as a Singapore securities business in 1979, is now an investment firm with interests in areas including elderly care, property development and telecommunications, according to its website. It went listed in the city-state in 1990. GK Goh sold corporate services firm Boardroom Ltd. last year to a consortium led by Temasek Holdings Pte.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9957763916,"gmtCreate":1677555655136,"gmtModify":1677555658853,"author":{"id":"3574547619690492","authorId":"3574547619690492","name":"UTOtrader","avatar":"https://static.tigerbbs.com/82be6befb29ac8516e463638d3f659d5","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3574547619690492","idStr":"3574547619690492"},"htmlText":"T","listText":"T","text":"T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957763916","repostId":1188455592,"repostType":4,"repost":{"id":"1188455592","pubTimestamp":1677553499,"share":"https://ttm.financial/m/news/1188455592?lang=&edition=fundamental","pubTime":"2023-02-28 11:04","market":"sg","language":"en","title":"GK Goh’s Largest Holders Confirm $294 Million Take-Private Offer","url":"https://stock-news.laohu8.com/highlight/detail?id=1188455592","media":"Bloomberg","summary":"Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value o","content":"<html><head></head><body><ul><li>Largest holders offer to buy out shares at S$1.26 each</li><li>The Singapore-listed firm has a market value of $212 million</li></ul><p>GK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed company private in a S$396 million ($294 million) deal, potentially ending its 33-year journey as a publicly-traded firm.</p><p>Goh Geok Khim and Goh Yew Lin, who own a 63% stake, proposed to buy out the remaining GK Goh shares for S$1.26 each in cash, according to an exchange statement on Tuesday, which confirmed an earlier Bloomberg News report. The offer price gives investors a premium of around 38.5% to the last closing price on Feb. 24.</p><p>“The company’s share price has been trading for some time at a discount to book value,” Goh Yew Lin said in a press release. “There is little trading liquidity in the shares. The offer will provide shareholders with the opportunity to realize their investment in the shares at a premium over the prevailing trading price.”</p><p>Trading of GK Goh’s shares was halted on Monday pending release of an announcement. The company has a market value of S$286 million as of Feb. 24.</p><p>GK Goh, founded as a Singapore securities business in 1979, is now an investment firm with interests in areas including elderly care, property development and telecommunications, according to its website. It went listed in the city-state in 1990. GK Goh sold corporate services firm Boardroom Ltd. last year to a consortium led by Temasek Holdings Pte.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GK Goh’s Largest Holders Confirm $294 Million Take-Private Offer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGK Goh’s Largest Holders Confirm $294 Million Take-Private Offer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-28 11:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-02-27/gk-goh-s-largest-holder-is-said-to-consider-take-private><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value of $212 millionGK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-02-27/gk-goh-s-largest-holder-is-said-to-consider-take-private\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-02-27/gk-goh-s-largest-holder-is-said-to-consider-take-private","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188455592","content_text":"Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value of $212 millionGK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed company private in a S$396 million ($294 million) deal, potentially ending its 33-year journey as a publicly-traded firm.Goh Geok Khim and Goh Yew Lin, who own a 63% stake, proposed to buy out the remaining GK Goh shares for S$1.26 each in cash, according to an exchange statement on Tuesday, which confirmed an earlier Bloomberg News report. The offer price gives investors a premium of around 38.5% to the last closing price on Feb. 24.“The company’s share price has been trading for some time at a discount to book value,” Goh Yew Lin said in a press release. “There is little trading liquidity in the shares. The offer will provide shareholders with the opportunity to realize their investment in the shares at a premium over the prevailing trading price.”Trading of GK Goh’s shares was halted on Monday pending release of an announcement. The company has a market value of S$286 million as of Feb. 24.GK Goh, founded as a Singapore securities business in 1979, is now an investment firm with interests in areas including elderly care, property development and telecommunications, according to its website. It went listed in the city-state in 1990. GK Goh sold corporate services firm Boardroom Ltd. last year to a consortium led by Temasek Holdings Pte.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":56,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}