Goodpack

Goodpack: Goodpack updated that the discussions with one of the parties, which may lead to a potential share offer of the company, have progressed. Although no names were given, several news sources have cited that KKR & Co are close to finalizing the deal after almost 1 year of talks, pending financing arrangements. In a recent report from a local broker, the offer price could range from $2.50-2.80/share, based on a P/E multiple of 17-19x. In Sep '13, KKR (Kohlberg Kravis Roberts) & Co raised US$6b for its Asian II Fund, the largest-ever pan-Asian private equity fund. Market observers note that if the deal goes through, Goodpack will be the first of a listed company from the fund.