Brief: GP Industries Says Group Is In Process Of Internal Restructuring Exercise

GP Industries

26/01/2023 10:25

Jan 26 (Reuters) - GP Industries Ltd  GPEI.SI :
    * GROUP IS IN PROCESS OF AN INTERNAL RESTRUCTURING EXERCISE
    * DORMANT COS AND INVESTMENT HOLDING COS FOR INDUSTRIAL
INVESTMENTS AND ASSOCIATED COMPANIES NOT PART OF RESTRUCTURING
    * RESTRUCTURING RELATES SOLELY TO ELECTRONICS AND ACOUSTICS
BUSINESS OF GROUP
    * RESTRUCTURING INVOLVES TRANSFER OF PRINCIPAL SUBSIDIARIES
OF CO
OPERATING ELECTRONICS AND ACOUSTICS BUSINESS OF GROUP TO KEF GP
GROUP
    * UPON RESTRUCTURING COMPLETION , KEF GP, UNITS TO BE
PRINCIPALLY
ENGAGED IN DESIGN OF PROFESSIONAL AUDIO PRODUCTS, AMONG OTHERS

Source text for Eikon:  ID:nSN5FhsmJ 
Further company coverage:  GPEI.SI 
 ((Reuters.Briefs@thomsonreuters.com;))