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Article: Tan gets control of Goh Ban Huat, ups offer

Article from:
New Straits Times
Article date:
August 25, 2009
Copyright

New Straits Times
08-25-2009
Tan gets control of Goh Ban Huat, ups offer
Edition: Main/Lifestyle
Section: Business Times
Type: News

TAN Sri Robert Tan Hua Choon has raised his offer for Goh Ban Huat Bhd (GBH) by a fifth after he bought more shares and took control of the loss-making ceramic product maker.

His new offer price is RM1.50 per share, up from RM1.25 before.
The businessman, who is involved in property development and manufacturing through several listed firms, has been trying to take over GBH, but his attempt is being resisted by the founding Goh family.

Yesterday, Tan bought another 11.23 million shares, or 18.14 per cent, in GBH for RM16.84 million, or RM1.50 a share, CIMB ...

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