Brief: GP Industries Announces Proposed Disposal Of Land And Buildings Located In PRC

GP Industries

04/07/2018 14:55

July 4 (Reuters) - GP Industries Ltd  GPEI.SI :
    * ANNOUNCES PROPOSED DISPOSAL OF LAND AND BUILDINGS LOCATED
IN
HUIZHOU, PRC
    * CASH CONSIDERATION FOR PROPOSED DISPOSAL IS RMB265.8
MILLION
    * UNIT ON 28 JUNE 2018 ENTERED INTO A SALE AND PURCHASE
AGREEMEN
WITH HUIZHOU CHENG HONG INDUSTRIAL CO
    * ESTIMATED GAIN ON DISPOSAL OF PROPERTY IS ABOUT S$32.6
MILLION
AFTER TAX

Source text for Eikon:  ID:nSNZ8hPpHg 
Further company coverage:  GPEI.SI 

 ((Reuters.Briefs@thomsonreuters.com;))