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PROPOSED ACQUISITION OF INTERESTS IN THE DOMAIN PRINCIPAL GROUP RESIDENTIAL AGED CARE BUSINESS
16-Aug-2013 18:37:08
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3MonthsByCompanyNameAndCategory& F=899517#.UhLRNtJTTvE
katak88 ( Date: 20-Aug-2013 10:13) Posted:
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S'pore tycoon acquires stake in Australian aged care provider
Singapore-listed investment firm GK Goh Holdings has acquired close to a 50 percent stake in Domain Principal Group, Australia's third largest residential aged-care provider.The 47.62 percent equity share was sold by two trusts run by AMP Capital for A$136.7 million (S$160 million).The deal will see the Singaporean company and AMP Life owning equal holdings, with the remainder held by Domain's management.The two companies will also inject A$25 million (S$29 million) each to support Domain's growth. Comprising 55 facilities, Domain has over 4,500 beds across Queensland, New South Wales, Victoria and Western Australia. During the financial year 2012-2013, Domain earned around A$16.5 million (S$19 million) with revenue at A$395.9 million (S$465 million). Occupancy rates stood at over 90 percent. " Demand for aged-care services will continue to rise for the next few decades in Australia," said Goh Geok Khim, Executive Chairman of GK Goh Holdings, adding the Domain " fitted well" into the long-term investment portfolio of the group. Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@allproperty.com.sg
G. K. Goh: To Invest S$188.3 Million Into Leading Australian Aged Care Group.
16 Aug 2013 18:36 G. K. Goh Holdings Limited announced the proposed acquisition of a 47.62% stake in Domain Principal Group, a leading Australian provider of residential aged care services. The stake is being acquired for a consideration of A$136.7 million (S$159.3 million) from two trusts managed by AMP Capital, a subsidiary of AMP Limited. The investment will be made through a newly-incorporated wholly-owned Australian subsidiary, Allium Holdings Pty Ltd...Attachments:
- GKGH_media_release_16Aug2013.pdf
- http://repository.shareinvestor.com/rpt_view.pl/id/b5efbbdf38c9bf6121ba04b89c754a7a883ab291d3d2ad269c6b7c6fd99cff5b/type/si_news
SECOND QUARTER RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
http://info.sgx.com/webcorannc.nsf/AnnouncementToday/20E33F0089C0849448257A54001E46CA?opendocument
What happened to GKGoh today. Big gap down to 0.75. Lots of people must have lost money trying to get dividend.
G. K. Goh Holdings Limited (the “Company" ) announced that the Company’s wholly-owned subsidiary, Cacona Pte. Ltd., has acquired 1,701,200 shares in Eastern & Oriental Berhad (" E& O" ) from the open market on 2 March 2011 for a total cash consideration of RM1,918,207.21 (approximately S$800,000). Accordingly, the Company's interest in E& O has increased from 12.90% to 13.05%.
but gk goh already sold their stockbroking biz to cimb. unless maybank is looking at their other bizs?
hongjun ( Date: 15-Jan-2011 19:25) Posted:
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Maybank acquiring Kim Eng .. People speculating GK Goh to be the next target of Maybank.
Does anyone know what is behind the price surge in the past few days?
GK Goh sold its stock broking biz to CIMB in June 2005.
krisluke ( Date: 30-Dec-2010 23:29) Posted:
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A blue gem pennies. any kind soul can tell me the relation of gk goh and cimb ? ??
Business Times - 09 Nov 2010 GK Goh's Q3 net profit climbs 23% By ANGELA TAN GK Goh Holdings Limited reported on Tuesday a 23 per cent year-on-year gain in its net profit for the third quarter of 2010 to S$12.10 million. Total revenue fell 24 per cent to S$10.43 million. The local brokerage said the performance was boosted by strong returns on its regional equity portfolio, in particular from investments in Malaysia, Indonesia and Singapore. It expects a turnaround at GK Goh Financial Services (S) Pte Ltd in 2011 after the rollout of its new trading platform. |
I like low volume traded counter, in the large extent, it means the price has come into equilibrium status. Hence, price movement downward risk is much much less than very liquid counter. Of course low volume traded counter is not good for trading but good for investment.
singaporegal ( Date: 17-Mar-2009 21:57) Posted:
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Low volume counter. Even if you sell, no one may buy it.
i'm no guru neither do i have any shares on this counter.
the reason it might have been at 3.5 in 1993 was that time it was still share broking company.
sold off its share broking business last yr to CIMB-Goh securities so now left only with
financial and investment business.
i think if u can hold this share for some more time , you should since
finance industry will be looking up atleast till IR.
Any body got any idea for GK GOH, in 1993 this stock was at a high of
$3.50, most of the other stocks have moved upwards, except this one.
Only doing between $1.00 to $1.12 for a long period of time.
FA / TA gurus any views on this stock? Thanks, Best Regards.