moomoo ID:NaN
Log Out
Log in to access Online Inquiry

G. K. Goh Obtains Regulatory Approvals for Proposed Boardroom Sale; Shares Jump 4%

MT Newswires ·  {{timeTz}}

12:31 AM EST, 12/23/2021 (MT Newswires) -- G. K. Goh (SGX:G41) obtained the required clearances from relevant authorities for the proposed sale of its entire 92% stake in corporate services provider Boardroom to a Temasek-related consortium for about SG$312 million ($229.2 million).

Shares of the payroll services company climbed nearly 4% on Thursday afternoon.

The company said it has obtained approvals from the Monetary Authority of Singapore, the Treasurer of the Commonwealth of Australia, the Hong Kong Registrar of Companies and the Securities Commission Malaysia.

The deal remains subject to the approval of G. K. Goh shareholders, according to a Wednesday disclosure.

Apricus Global, an investment vehicle owned by the consortium comprising Temasek-linked 65 Equity Partners and private equity firm Tower Capital Asia, agreed to pay SG$1.48828 ($1.09) for each Boardroom share pursuant to the offer.

Price (SGD): S$1.16, Change: S$+0.04, Percent Change: +3.57%

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.