Home Capital Corporate moves

Katrina diversifies into hospitality, founder buys shares

Chan Chao Peh
Chan Chao Peh2/4/2019 07:30 AM GMT+08  • 3 min read
Katrina diversifies into hospitality, founder buys shares
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 increasi
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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%.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now