Singaporean investment firm GK Goh Holdings Ltd. is conducting a strategic review on Boardroom Ltd. which could lead to a potential sale of the corporate services provider.
GK Goh has appointed Credit Suisse Group AG as a financial adviser as it evaluates various options for its shareholding in Boardroom, the company said in a filing Wednesday, confirming an earlier Bloomberg News report. Discussions are at an early stage and may not result in any transaction, GK Goh said.
The Singapore-listed firm is seeking to raise about US$300 million ($397.7 million) from a divestment of Boardroom, according to people familiar with the matter. The business has attracted preliminary interest from other industry players, said the people, who asked not to be identified as the information is private.