GSH

GSH: Veteran investor Koh Boon Hwee sold 43.5m on the open market, as "Popiah King" Sam Goi Seng Hui became the majority shareholder of the trading company. Mr Koh's stake was reduced to 4% from 10%, as a result of the open-market sale and the placement of $14m of shares to Mr Goi. Mr Goi's stake in GSH is now ~58%. Mr Koh has been gradually selling down his 15% stake in GSH since May this yr. Nevertheless the stock has been gradually climbing since it filed for application for removal from the SGX Watchlist at end May. In previous successful cases of watchlist removal, it took SGX 2-3mth to return with a response.