PSC chairman eyes acquisition of remaining company shares

The move follows his recent share purchase from Sin Huat Company.

Dr. Goi Seng Hui, executive chairman of PSC Corporation Ltd., has made a mandatory conditional offer of $0.40 to buy out the remaining shares he doesn’t own in the company.

The move follows his recent purchase of 63 million shares from Sin Huat Company for $25.2m on 10 July.

According to a bourse filing, before the acquisition, Goi owned 173.5 million shares, representing approximately 31.82%.

As a result of the transaction, Goi has increased his shareholding in the company to 236.5 million shares, representing approximately 43.38%.

Completion of the acquisition took place on 11 July by way of a married deal.