Gold Peak Industries (Holdings), a diversified SAR-listed electronics concern, is to emerge S$100 million (about HK$457.43 million) richer from a big shake-up of its overseas-listed associates and subsidiaries.
The cash raised will be used to experiment in manufacturing new high-technology products and to explore electronic-commerce opportunities.
Group chairman Victor Lo Chung-wing said Gold Peak wanted to set up an on-line supply chain network, linking the group's extensive network of suppliers, clients, factories and distribution arms across Asia.
Its portal would trade both Gold Peak goods and perhaps the electronic products of other companies.
Gold Peak plans to sell its entire stakes in Singapore-listed GP Batteries International and Clipsal Industries (Holdings) to its third Singapore-listed unit, GPE Industries for $223.7 million.
After the reshuffle, GPE Industries will emerge as the group's main flagship for industrial investments.
Announcing the shake-up Mr Lo said: 'Our main incentive is to have at least one company within the group that can get back to having a bigger market capitalisation.
