GP Batteries International

[karlmarx]

Depends on when you bought the shares. If it was more than 5 years ago, probably not so happy.

[Mushy]

I first invested around 4 or 5 years ago after following for more than 10. Given the situation today i think i am just satisfied but would expect an offer closer to the nav. It took them so long until now to make an offer and i have the feeling that it is because things are turning around.
I am thinking of selling out and putting it all into gpi to ride on that. I just wonder if gph might make buy out gpi also after gpb. But they should do that at the same time.

[opmi]

Does GBI has a big stash of nickel or copper at cost?

[edragon]

Does GBI has a big stash of nickel or copper at cost?

Why copper?

[brattzz]

Does GBI has a big stash of nickel or copper at cost?

Why copper?

battery raw materials and it's price is increasing!!!!

become commodities horder!

[cyclone]

Loss of Public Float

The Unconditional Offer Announcement states, inter alia, that as at 5.00 p.m. (Singapore time) on 31 October 2017, an aggregate of 142,897,331 Shares, representing 90.37% of the total number of Shares in issue (excluding treasury Shares), are owned, controlled or agreed to be acquired by the Offeror and its Concert Parties (including valid acceptances of the Offer). The percentage of Shares held by the public as at 5.00 p.m. (Singapore time) on 31 October 2017 is approximately 9.63% and is therefore less than the requisite 10.0% under the Free Float Requirement. 

Rule 723 of the Listing Manual requires the Company to ensure that at least 10.0% of the total number of issued Shares (excluding treasury Shares) to be held by the public at all times (the “Free Float Requirement”). 

As announced by OCBC in the Unconditional Offer Announcement, the Closing Date of the Offer will be extended from 5.30 p.m. on 3 November 2017 to 5.30 p.m. on 17 November 2017.

The SGX-ST will suspend trading of the Shares on the SGX-ST at the close of the Offer. 

More details in http://infopub.sgx.com/FileOpen/GPBI%20-...eID=476249

[cyclone]

Compulsory Acquisition and Final Closing Date

As at 06-Nov-2017 21:06:23, as the Offeror has received valid acceptances of not less than 90 per cent. of the total number of GP Batteries Shares in issue (excluding treasury GP Batteries Shares) (other than those already held by the Offeror, its related corporations or their respective nominees as at the date of the Offer), the Offeror is entitled to, and will in due course, exercise its right of compulsory acquisition under Section 215(1) of the Companies Act, Chapter 50 of Singapore to compulsorily acquire all the Offer Shares of the Shareholders who have not accepted the Offer (the "Dissenting Shareholders") at the consideration for the Offer being the Offer Price of S$1.30 (in cash) for each Offer Share. The Offeror will then proceed to delist the Company from the SGX-ST.

The Offer will close at 5.30 p.m. (Singapore time) on 17 November 2017 (Friday) (the "Final Closing Date"). The Offeror has no intention of extending the Offer beyond the Final Closing Date.

Accordingly, acceptances of the Offer must be received by 5.30 p.m. on the Final Closing Date and any such acceptances received after 5.30 p.m. on the Final Closing Date will be rejected.

[Mushy]

I am a shareholder of GPB, or was formerly one.
I accepted the offer and mailed in the form 2-3 weeks ago.
On 31 Oct they announced they had crossed 90% and hence unconditional ...
The announcement also stated that accepting shareholders will receive the money within 7 business days (latest by this thurs)
Edited. I checked my cdp, all my gpb shares are gone. Means my form mailed in reached them successfully, thanks singpost.

Back to investment merits of GPB.
I had previously commented that the $1.30 offer price is just reasonable even though the shareprice was only around 80c+ at the time the offer was made. This was because I felt the battery business had just started to see positive results and environment. Since I started being vested a few years ago, I always had high hopes of it over the long term. There had been speculations for so many years that GPI might make an offer, but they patiently just scoop up shares slowly and steadily. To me, the offer coming at this time shows the hk mgmt is finally confident on the business and its the time to take it back now.

However, the relationship is more complex than just this offer. Even when GPB becomes 100% owned by GPI, the latter is still a publicly listed company and 85.47% owned by GPH (itself a hk listed co). So will we see more corporate actions after 2017? I don't really count on this as it is beyond my capability to analyse. Since the GPB offer, I have taken a small vested interest in GPI. GPB is the crown jewel of the whole GP group which owns a harnessing and couple speakers businesses. It is for the expectation of the battery business that I remained vested in this, now through GPI. Only started small in GPI for now. Need to see the results over next few quarters tbefore taking any further actions.

[nitro]

Back to investment merits of GPB.
I had previously commented that the $1.30 offer price is just reasonable even though the shareprice was only around 80c+ at the time the offer was made. This was because I felt the battery business had just started to see positive results and environment. 

This year Jul 2017 AGM - Mgmt did mention Malaysia plant going to start contributing revenue 40-50m which is one of the positive.