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Goh family yet to decide on stake sale.
Byline: Ooi Tee Ching
GOH Ban Huat Bhd's (GBH) founding family, led by managing director Tony Goh, has not decided whether to sell their stake to Tan Sri Robert Tan Hua Choon, who raised his offer to RM1.50 per share.
The Goh family, which holds 17.7 per cent of GBH, has been resisting Tan's takeover. However, since he made the offer two months ago, Tan has increased his stake to 53.53 per cent of GBH.
"We're seeking advice from AmInvestment Bank, the appointed independent adviser," Goh told Business Times yesterday.
Early this month, AmInvestment Bank advised shareholders to reject Tan's offer of RM1.25 a share because it was very much below …
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Magazine article from: Business Times (Malaysia)
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