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GP Industries to offer S$1.30 per share for battery unit

GP Batteries soars nearly 60% after trading halt is lifted
Saturday, August 12, 2017 - 05:50

Singapore

GP Industries Limited plans to launch a voluntary conditional cash offer for GP Batteries International at S$1.30 per share in a bid to privatise and delist the 64.88 per cent subsidiary.

The offer will be made if the pre-condition of obtaining approval from shareholders

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