PETALING JAYA: Goh Ban Huat Bhd (GBH) and Keladi Maju Bhd, companies belonging to Tan Sri Robert Tan Hua Choon (pic), have announced a series of exercises that will see the low-profile tycoon pocketing a cool RM134mil from selling his holdings in the former.
Tan will receive the sum by selling his 36% stake, amounting to some 66.8 million shares, in GBH into a mandatory general offer (MGO) that will be made by its new shareholder, who, in turn, will assume control of the company via a reverse takeover (RTO).
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