The disposal of its shares was first conducted on April 6, when nine million ordinary STL shares were sold at a volume-weighted average price of NTD23.85 per share.
GP Industries has disposed of the remaining holding of 1.74 million shares in its Taiwan associate STL Technology from Sept 19 to 20.
The shares were disposed of by the company’s indirectly held wholly owned subsidiary, GP Battery Technology (HK) Limited, via a series of on-market transactions for a gross consideration of NTD65.3 million ($3.0 million). Shares in STL are traded on the Taipei Exchange.
