Goh geok khim boardroom limited hong

SINGAPORE (THE BUSINESS TIMES) - Mainboard-listed investment firm GK Goh Holdings (GKGH) has proposed to sell its entire 92 per cent stake in corporate-services provider Boardroom to a Temasek-related consortium for around $312 million.

It expects to fetch approximately $287 million in gross proceeds from the divestment, which is more than its market cap of $250 million as at Jan 19, 2021 - the last trading day before the announcement of a strategic review of its Boardroom shareholding, said GKGH in a bourse filing on Friday night (Aug 6).

The group intends to use the proceeds to repay borrowings and invest in existing and/or new businesses, assets and investment opportunities.

Apricus Global - an investment vehicle owned by the consortium comprising Temasek-linked 65 Equity Partners Holdings and private equity firm Tower Capital Asia - made the cash offer price of $1.48828 for each Boardroom share, which values Boardroom at around $312 million.

GKGH and Symphony House have sinc Boardroom limited singapore.