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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

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

sentifi.com

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