GP Industries

[weijian]

Good Saturday morning everyone.

^^The Management acknowledged that the Group would be better off by investing more in Southeast Asia and would also look for more ways to enhance the Company’s liquidity. One of the ways is by placing shares out to more institutional investors. However, Mr Victor Lo opined that there is no clear direction for the Company at this moment.^^


G20 doing share buyback for the past few days and total share buyback 3,343,700 aka 0.6911%.
https://links.sgx.com/1.0.0/corporate-an...567efa54b2

Gold Peak Technology Group Limited 85.957% + 0.6911% = 86.6481%

Not a call to Buy or Sell. Vested Nil Sold

hi kbl,

Please note this is a share buy back by the company, not a purchase by GPTGL. So the bought shares belong to ALL shareholders, not just GPTGL. As a result, ALL shareholders also benefit from a %stake increase.

So the formula should be 85.957% / (1-0.6911%) =  85.957%/0.993089 ~ 86.55% for GPTGL.

If you are a shareholder, you can also use the same 0.993089 number to derive your %stake increase.