Brief: Gp Industries Says Unit Conducted A Series Of On-Market Transactions To Dispose Of An Aggregate Of 9 Million Ordinary Shares Of Stl Technology
06/04/2022 13:32
April 6 (Reuters) - GP Industries:
* UNIT CONDUCTED A SERIES OF ON-MARKET TRANSACTIONS TO
DISPOSE OF
AN AGGREGATE OF 9 MILLION ORDINARY SHARES OF STL TECHNOLOGY
* GROSS CONSIDERATION BEFORE TRANSACTION COSTS FROM DISPOSAL
IS
S$10.15 MILLION
* INTENDS TO USE NET PROCEEDS FROM DISPOSAL TO STRENGTHEN
CASHFLOW
AND REPAY BANK LOANS
Source text for Eikon: ID:nSN111kfZ
Further company coverage: GPEI.SI
((Reuters.Briefs@thomsonreuters.com;))
Recent news on GP Industries
See all newsBrief: GP Industries Appoints Lam Hin Lap As Deputy CEO
Brief: GP Industries Logs H1 Net Income Attributable SGD 16.3 Mln
Brief: Gold Peak Technology Says GP Industries Logged H1 Gross Margin 28.5%
Brief: GP Industries Announces Letter Of Intent To Invest In Johor-Singapore Special Economic Zone
Newscasts - Georgieva, Lagarde speak at Economic Outlook session, WEF President makes closing remarks