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GPE sells harness plant stake

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.

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