GSH

GSH: Grp is exploring strategic deals in the property dev sector, construction materials and construction industries in China, citing multiple opportunities. That revelation came as GSH announced that shareholders had approved the placement of $14m of shares to Mr Sam Goi. The placement of two billion new shares at 0.6999c apiece will give Mr Goi a majority stake in GSH's enlarged capital of about 58% from about 15% currently. Shareholders also approved the conversion of $4m of an existing $5m term loan facility into shares at 0.6999c each. CEO note that Sam Goi’s extensive experience and business connections, especially in the PRC, can help steer GSH to higher levels of growth. Mr Goi also issued a statement, saying that he have confidence in GSH's board and mgt team.