rule_of_72
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
GP Industries
29-06-2018, 03:51 PM, (This post was last modified: 02-07-2018, 10:39 AM by Mushy.)
Post: #41
RE: GP Industries
Could it be the hk parent buying it? Hk parent also suspended.
If this is the case, then they prob already planned this when they started with gp batt.

Edited my post.
The parent hk company mentioned some substantial disposal on their halt announcement last fri.

Find Reply
04-07-2018, 03:30 PM,
Post: #42
RE: GP Industries
Not a GO.

Today's Announcement.

The Company refers to the trading halt on its shares, requested at 7.31 am on 29 June 2018. The Company has requested for an extension of the trading halt pending the release of a material announcement. The Company and its ultimate holding company, Gold Peak Industries (Holdings) Limited are finalising an announcement in respect of a major transaction by a wholly-owned subsidiary of the Company. The Company expects to release the announcement and lift the trading halt before the market opens on 5 July 2018.
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
Website Find Reply
04-07-2018, 04:23 PM,
Post: #43
RE: GP Industries
Parent Gold Peak own more than 85% of GP Ind.

Why keep it listed?

Find Reply
04-07-2018, 10:50 PM,
Post: #44
RE: GP Industries
(04-07-2018, 03:30 PM)cyclone Wrote: Not a GO.

Today's Announcement.

The Company refers to the trading halt on its shares, requested at 7.31 am on 29 June 2018. The Company has requested for an extension of the trading halt pending the release of a material announcement. The Company and its ultimate holding company, Gold Peak Industries (Holdings) Limited are finalising an announcement in respect of a major transaction by a wholly-owned subsidiary of the Company. The Company expects to release the announcement and lift the trading halt before the market opens on 5 July 2018.

Proposed Disposal of Land and Buildings Located in Huizhou, PRC

The Seller :  GP Electronics (Huizhou) Co., Ltd. (惠州市金山电子有限公司) ("GPHC"), a wholly-owned subsidiary of GP Industries

The Purchaser : Huizhou Cheng Hong Industrial Co., Ltd (惠州市晟鸿实业有限公司)

The Property : The Property is an industrial complex. GPHC has been granted the right to use the Land for industrial use. Such right will expire on 27 March 2053. The Property is currently used by the Group as a factory and a warehouse for the manufacturing of acoustic and electronic products and a dormitory for its employees.

Net Asset Value : Based on the unaudited consolidated financial statements of the Company and its subsidiaries for the financial year ended 31 March 2018, the net asset value (the "NAV") of the Property was approximately S$25.5 million.

The estimated gain on the disposal of the Property, after taking into account the Consideration, the Rent Free Value and the Compensation (assuming that the value of the Compensation approximates the costs and expenses that will otherwise be incurred by GPHC in relocating the operations from the Property), is approximately S$43.4 million before tax and approximately S$32.6 million after tax.

More details in http://infopub.sgx.com/FileOpen/GPInd%20...eID=513201
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
Website Find Reply


Forum Jump:


Users browsing this thread: 3 Guest(s)
Valuebuddies.com | Return to Top | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com | | Share Buy-Back | Disclosure of Interest