SINGAPORE (May 15): G.K. Goh, the 80.72% owner of Boardroom, is making an 88 cents per share cash offer for all the shares of Boardroom it does not own.
The offer price is at a 14.3% premium to Boardroom’s last traded price on May 3 of 77 cents and a 17.6% premium over Boardroom’s six-month volume weighted average price (VWAP) of 74.8 cents.
Based on Boardroom’s issued and paid-up share capital of some 210 million units, the offer values the takeover group at $184.5 million.
G.K. Goh is an investment company owning operating businesses, as well as a diverse portfolio of investments.
Boardroom and its subsidiaries are providers of...(click on link for full story on theedgesingapore.com)