G.K. Goh Holdings Limited - E&O

While Goldman has been disposing E&O recently, it appears that G.K. Goh Holdings Limited from Singapore has purchased E&O shares from 18 June to 20 June. Filing to Bursa Malaysia shows that G.K. Goh Holdings Limited has purchased a total of 1.5mil shares during the period. After the acquisitions, G.K. Goh Holdings Limited has accumulated a total of 73,049,699 shares of E&O, which represets 19.14% of E&O.


By checking the historical prices of E&O, it was traded between RM3.00 to RM3.12 during the period. I was wondering what has triggered G.K. Goh Holdings Limited to make the purchase. Thus, I have checked the share price of E&O Prop. During these 3 days, E&O Prop had a great breakout where it was traded from RM3.80 to RM4.34.


It would be great if G.K. Goh Holdings Limited continues to buy in E&O as it can provide the support to the share price when Goldman continues to dispose their holdings.