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Goh Ban Huat shares climb as Robert Tan seeks to unlock value
by hlk Wed 12 Feb 2014, 15:48
KUALA LUMPUR: Shares of Goh Ban Huat Bhd (GBH) advanced to a high of RM1.47 on Wednesday on rotational play of counters linked to the low-key Tan Sri Robert Tan Hua Choon as he seeks to unlock the values of some his listed companies.
At 11.05am, ceramic and sanitary ware company GHB was up 19 sen to RM1.47. Turnover was 184,500 shares ranging from RM1.35 to RM1.47.
The FBM KLCI fell 1.19 points to 1,822.98. Turnover was 1.08 billion shares valued at RM610.46mil. There were 277 gainers, 280 losers and 319 counters unchanged.
Recently, counters linked to Tan had climbed in active trade, including Malaysia Aica Bhd, PDZ Holdings Bhd and Keladi Maju Bhd.
Malaysia Aica shares had surged after it received a takeover offer from property developer Sunsuria Development Sdn Bhd.
PDZ had also advanced in heavy trade in recent days on talk Tan was steering PDZ into becoming an oil and gas services concern.
Tan also controls GBH, which he won control of in August 2009 after raising his offer to RM1.50 per share from the original offer of RM1.25 per share.
GBH has indicated its plans to venture into property development within the next three to five years. It has 5.92ha of prime land in Jalan Segambut, Kuala Lumpur, where its manufacturing plant is built.
At 11.05am, ceramic and sanitary ware company GHB was up 19 sen to RM1.47. Turnover was 184,500 shares ranging from RM1.35 to RM1.47.
The FBM KLCI fell 1.19 points to 1,822.98. Turnover was 1.08 billion shares valued at RM610.46mil. There were 277 gainers, 280 losers and 319 counters unchanged.
Recently, counters linked to Tan had climbed in active trade, including Malaysia Aica Bhd, PDZ Holdings Bhd and Keladi Maju Bhd.
Malaysia Aica shares had surged after it received a takeover offer from property developer Sunsuria Development Sdn Bhd.
PDZ had also advanced in heavy trade in recent days on talk Tan was steering PDZ into becoming an oil and gas services concern.
Tan also controls GBH, which he won control of in August 2009 after raising his offer to RM1.50 per share from the original offer of RM1.25 per share.
GBH has indicated its plans to venture into property development within the next three to five years. It has 5.92ha of prime land in Jalan Segambut, Kuala Lumpur, where its manufacturing plant is built.
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