GP Industries

QnA before today eAGM
https://links.sgx.com/FileOpen/GP%20Indu...eID=675833

Stay home and stay safe, everyone.

Good morning stay safe stay healthy everyone.

DIS SPECIE OF SHARES IN GP ENERGY TECH LIMITED or 7.8522c CASH

(i) the distribution of one (1) GP Energy Tech Share for each Share held by Entitled
Shareholders or on their behalf as at the Record Date, fractional entitlements to be
disregarded; or
(ii) for Entitled Shareholders who elect to receive the Cash Alternative, the relevant
amount of the Cash Alternative for each Share held, which is expected to be
approximately 7.8522 Singapore cents.

https://links.sgx.com/FileOpen/PROPOSED%...eID=695923

Not a call to Buy or Sell. Vested Nil Sold

(29-12-2021, 09:59 AM)kbl Wrote: Good morning stay safe stay healthy everyone.

DIS SPECIE OF SHARES IN GP ENERGY TECH LIMITED or 7.8522c  CASH

(i) the distribution of one (1) GP Energy Tech Share for each Share held by Entitled
Shareholders or on their behalf as at the Record Date, fractional entitlements to be
disregarded; or
(ii) for Entitled Shareholders who elect to receive the Cash Alternative, the relevant
amount of the Cash Alternative for each Share held, which is expected to be
approximately 7.8522 Singapore cents.

https://links.sgx.com/FileOpen/PROPOSED%...eID=695923

Not a call to Buy or Sell. Vested Nil Sold

Good afternoon stay safe stay healthy everyone.

They so good? Taking unlisted company share but give small shareholders to take cash???

^^GPIH’s Undertaking In connection with the Proposed Distribution, the Company’s controlling Shareholder, GPIH, which holds a direct interest in an aggregate of 414,098,443 Shares, representing approximately 85.59 per cent. of the Shares in issue (excluding treasury shares and subsidiary holdings), is supportive of the Proposed Distribution and has undertaken to the Company to vote in favour of the resolution approving the Proposed Distribution at the EGM. GPIH has also confirmed that it will not be electing for the Cash Alternative in connection with the Proposed Distribution. 5.2. GPIH’s Resultant Shareholding in GP Energy Tech As GPIH will not be electing for the Cash Alternative, following the completion of the Proposed Distribution (assuming that, as at the Record Date, there are 483,843,482 Shares held by Entitled Shareholders), GPIH’s resultant shareholding in GP Energy Tech will be 414,098,443 shares, representing approximately 85.59 per cent. of the GP Energy Tech Shares.^^

Not a call to Buy or Sell. Vested Nil Sold

(29-12-2021, 01:05 PM)kbl Wrote:

(29-12-2021, 09:59 AM)kbl Wrote: Good morning stay safe stay healthy everyone.

DIS SPECIE OF SHARES IN GP ENERGY TECH LIMITED or 7.8522c  CASH

(i) the distribution of one (1) GP Energy Tech Share for each Share held by Entitled
Shareholders or on their behalf as at the Record Date, fractional entitlements to be
disregarded; or
(ii) for Entitled Shareholders who elect to receive the Cash Alternative, the relevant
amount of the Cash Alternative for each Share held, which is expected to be
approximately 7.8522 Singapore cents.

https://links.sgx.com/FileOpen/PROPOSED%...eID=695923

Not a call to Buy or Sell. Vested Nil Sold

Good afternoon stay safe stay healthy everyone.

They so good? Taking unlisted company share but give small shareholders to take cash???

^^GPIH’s Undertaking In connection with the Proposed Distribution, the Company’s controlling Shareholder, GPIH, which holds a direct interest in an aggregate of 414,098,443 Shares, representing approximately 85.59 per cent. of the Shares in issue (excluding treasury shares and subsidiary holdings), is supportive of the Proposed Distribution and has undertaken to the Company to vote in favour of the resolution approving the Proposed Distribution at the EGM. GPIH has also confirmed that it will not be electing for the Cash Alternative in connection with the Proposed Distribution. 5.2. GPIH’s Resultant Shareholding in GP Energy Tech As GPIH will not be electing for the Cash Alternative, following the completion of the Proposed Distribution (assuming that, as at the Record Date, there are 483,843,482 Shares held by Entitled Shareholders), GPIH’s resultant shareholding in GP Energy Tech will be 414,098,443 shares, representing approximately 85.59 per cent. of the GP Energy Tech Shares.^^

Not a call to Buy or Sell. Vested Nil Sold

will you take private unlisted shares?

What is the value inside the GP Energy Tech?

(29-12-2021, 02:25 PM)opmi Wrote:

(29-12-2021, 01:05 PM)kbl Wrote:

(29-12-2021, 09:59 AM)kbl Wrote: Good morning stay safe stay healthy everyone.

DIS SPECIE OF SHARES IN GP ENERGY TECH LIMITED or 7.8522c  CASH

(i) the distribution of one (1) GP Energy Tech Share for each Share held by Entitled
Shareholders or on their behalf as at the Record Date, fractional entitlements to be
disregarded; or
(ii) for Entitled Shareholders who elect to receive the Cash Alternative, the relevant
amount of the Cash Alternative for each Share held, which is expected to be
approximately 7.8522 Singapore cents.

https://links.sgx.com/FileOpen/PROPOSED%...eID=695923

Not a call to Buy or Sell. Vested Nil Sold

Good afternoon stay safe stay healthy everyone.

They so good? Taking unlisted company share but give small shareholders to take cash???

^^GPIH’s Undertaking In connection with the Proposed Distribution, the Company’s controlling Shareholder, GPIH, which holds a direct interest in an aggregate of 414,098,443 Shares, representing approximately 85.59 per cent. of the Shares in issue (excluding treasury shares and subsidiary holdings), is supportive of the Proposed Distribution and has undertaken to the Company to vote in favour of the resolution approving the Proposed Distribution at the EGM. GPIH has also confirmed that it will not be electing for the Cash Alternative in connection with the Proposed Distribution. 5.2. GPIH’s Resultant Shareholding in GP Energy Tech As GPIH will not be electing for the Cash Alternative, following the completion of the Proposed Distribution (assuming that, as at the Record Date, there are 483,843,482 Shares held by Entitled Shareholders), GPIH’s resultant shareholding in GP Energy Tech will be 414,098,443 shares, representing approximately 85.59 per cent. of the GP Energy Tech Shares.^^

Not a call to Buy or Sell. Vested Nil Sold

will you take private unlisted shares?

What is the value inside the GP Energy Tech?

hello stay safe stay healthy Big Boss opmi....wave...

GP Energy Tech is worth min 7.8522c or more?

Yes i am prepare to take the risk.

After this, parent GPIH will own 85.59% of the rechargeable business. I am sure most of the remaining small shareholders (minus the insiders as listed in the top20) will opt to receive cash instead of the unlisted shares. Hey, I remain a SGX-listed GPI shareholder and i get a nice boosted dividend, why not? So, to me, this execise is to transfer the rechargeable business to the parent. Though I do not know at this moment why this method is chosen.

Shareholders who are more familiar or keen in the rechargeable business and have a longer horizon might chose to stay on. I.e. Ride with the parent. Questions will be asked what is the plan next after the restructure and distribution? Cos in the first few pages of the doc, they painted the rechargeable business as more risky, more R&D (capital) and less stable compared with the primary battery business. If it is so bad, then why does the parent want to take it, at this price?

I take note that in recent years the group had been "cleaning up", starting from the consolidation of GP batt and some divestments. So there I think there are alot of possibilities to "unlock" value in future. I invested in GPI because I wanted to remain vested in GP batt. Personally, I am more interested to opt for the unlisted shares, given the info now.

Hi Mushy,

I think I have highlighted in the GK Goh topic here a few months back on the risk of holding unlisted shares, with reference to holding unlisted Boardroom or accepting the GO and re-invest the proceeds back to GK Goh.

If GP Energy Tech needed more capital in future, then will you be prepared in pump in more money into an unlisted company, to prevent dilution? I think this is a relevant question to ask. Otherwise, since you said that there is a lot of possibility to "unlock" value in GPI, would it be better to take the cash alternative instead and re-invest the proceeds back to GPI? At least GPI is a listed company.

Still OK, if the Company still send annual reports and AGM notice....

I own Synear delisted shares...Changed domicile already and no noise from them since delisting...hahaha....Synear is not small company.

I still fully vested in boardroom shares, last week just received the Christmas dividend cheque gift and I also top up gkgoh shares further

(29-12-2021, 02:25 PM)opmi Wrote: will you take private unlisted shares?

What is the value inside the GP Energy Tech?

Hi opmi,

I try to dig from GP Industries annual report but failed. Basically, they are transferring a few subsidiaries into GP Energy Tech with the restructuring and I don't know what is inside those subsidiaries. Yes, we can talk about the business and technology but I am not so interested in that. What I am interested is whether there are any historical land and factories booked at cost that is being transferred. If there is, what is the present value of those assets?

Since I could not answer your second question, it is difficult for me to answer your first one as well.