Wednesday, September 21, 2011

GK Goh

GK Goh: To sell property at 21 Tanjong Pagar Rd for $32.8m to private co Region Dev. The book value of the Property and its fair value was $26.0m as at 31 Dec 2010, based on a market valuation. Co acquired the property in 2007 for capital appreciation and rental yield. Co will record a net increase of $21.8m in cash. No mention of purchase or price of land in 2007. Co now trades at approx 6.2x current P/E

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