SINGAPORE (Feb 4): Katrina Group, whose core business is in F&B, is diversifying into property management. The couple controlling the company, executive chairman Alan Goh Keng Chian and executive director Madaline Catherine Tan Kim Wah, have been increasing their stake by buying up shares over the past few months.
The most recent purchase, announced via the stock exchange on Jan 29, was made on Jan 25. Goh bought 40,000 shares at 19.7 cents each, raising his direct stake to 104,732,404 shares, or 45.24%, from 45.22% earlier. Coupled with Goh’s deemed stake held via his wife, Tan, his total stake consisting of both direct and deemed shares was 202,592,908, or 87.51%, up from 87.49% earlier. On Jan 23, Goh had bought 20,000 shares at 19.25 cents each.
Katrina shares closed at 20 cents on Jan 29. At this level, the company is valued at $46.1 million and 65.2 times historical earnings. Year to date, its shares have held steady, falling only 0.5%.