GPE sells harness plant stake

PUBLISHED : Friday, 27 February, 1998, 12:00am
UPDATED : Friday, 27 February, 1998, 12:00am

Gold Peak's Singapore-listed electronics division, GPE Industries, has sold a 10 per cent interest in a wire-harness plant on the mainland to Japan's Ohmi Electric Wire Co for US$400,000. GPE holds the asset, China Harness (Huizhou), through its wholly owned subsidiary, China Auto Parts. The plant is mainly engaged in the manufacture and supply of vehicle wire-harness products to car-makers in Japan.