Property tycoon Koh Wee Meng in another privatisation deal with 12 cents offer for Global Dragon

Koh Wee Meng controls Global Dragon with his deemed stake of 59.3%, or more than 400 million shares held via an entity called JK Global Assets

Koh Wee Meng controls Global Dragon with his deemed stake of 59.3%, or more than 400 million shares held via an entity called JK Global Assets. The second largest shareholder of Global Dragon is Tan Su Lan @ Tan Soo Lung, mother of Koh Wee Meng. According to the DBS, acting on behalf of JK Global Wealth, the offer presents shareholders with an opportunity to realise their investment in Global Dragon at a premium of around 14.3% over its last traded price 10.5 cents on Feb 7, before the offer was made.

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