Goh Geok Khim and Goh Yew Lin made an offer to acquire G. K. Goh Holdings Limited (SGX:G41) from GKG Investment Holdings Pte Ltd and others for approximately SGD 400 million on February 28, 2023. As per the transaction, Goh Geok Khim and Goh Yew Lin will pay SGD 1.26 per share to the shareholders of G. K. Goh Holdings Limited. As of March 14, 2023, Goh Geok Khim and Goh Yew Lin acquired 374,200 shares and on March 20, 2023, Goh Geok Khim and Goh Yew Lin acquired 211,600 shares through SGX-ST of G. K. Goh Holdings. As of April 6, 2023, the offer became unconditional. As of April 12, 2023, the offeror has valid acceptance of 294,694,016 shares, representing 93.77% stake in G. K. Goh Holdings Limited and has right of making a compulsory acquisition of all the issued and paid-up shares in it. Accordingly, the closing date of the offer is extended from April 11, 2023 on April 25, 2023. As of April 18, 2023, the offeror has the valid acceptance of 295,956,853 shares, representing 94.17% stake in G. K. Goh Holdings Limited. As of April 24, 2023, G. K. Goh Holdings Limited received approval from the SGX-ST for the proposed delisting from the SGX-ST.

Deloitte & Touche Corporate Finance acted as financial advisor and fairness opinion provider for G. K. Goh Holdings Limited (SGX:G41). United Overseas Bank Limited and Maybank Securities Pte. Ltd acted as financial advisors to Goh Geok Khim and Goh Yew Lin. Quak Fi Ling of WongPartnership LLP acted as legal advisor and Boardroom Corporate & Advisory Services Pte. Ltd. acted as transfer agent to G. K. Goh Holdings Limited.

Goh Geok Khim and Goh Yew Lin completed the acquisiition of G. K. Goh Holdings Limited (SGX:G41) from GKG Investment Holdings Pte Ltd and others on April 25, 2023. Offeror will will exercise its right of compulsory acquisition on or after May 22, 2023.