GRP Reopens Talks to Acquire Bintan Renewable Energy and Industrial Park Developer
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GRP Ltd. has initiated talks to acquire up to 100% of Bintan Investment Management Pte. Ltd., which is developing an integrated industrial park in Bintan Island, Indonesia. The park will include solar, aquaculture, agriculture, AI data centers, and battery manufacturing facilities. The acquisition, led by a Related Party Transaction Committee, may involve issuing new GRP shares and warrants to existing shareholders. This strategic move aims to diversify GRP into renewable energy and agriculture, potentially reshaping its business profile under Singapore Exchange rules.
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