SINGAPORE (Jan 2): GP Industries is moving ahead with the consolidation of its battery manufacturing facilities in Guangdong province, China, through the sale of land and facilities via two subsidiaries.

GP Batteries (China) is selling to an unrelated Mainland developer 17,503.4 sqm of land with 17,785.6 sqm of buildup area in the form of buildings and ancillary facilities in Gu Tang Au Industrial District, Huihuan Town, Huizhou City, for $8.3 million.

In addition, Huizhou Modern Battery is also selling 29,953 sqm of land with 11,400 sqm of buildup area in the same area to the same developer for $16.5 million.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook