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GP Batteries to suspend trading of shares after public float falls below 10%
MAINBOARD-LISTED GP Batteries has requested to suspend the trading of its shares on the Singapore Exchange (SGX) following the fall of its public float to below 10 per cent.
The company had earlier announced that SGX will suspend trading of its shares at the close of its voluntary cash offer at 5.30pm on Nov 17.
GP Industries Limited had in September launched 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.