SINGAPORE (Oct 10): GRP is acquiring a 51% stake in Multiple Lodge or MLodge, a property development company in Malaysia, for RM510,000 ($164,516).

GRP is in the business of property development, trading and distribution of precision measuring instruments and equipment and supply and servicing of industrial/marine hoses, fittings and related products.

On Tuesday, GRP's subsidiary GRP Developments signed a shareholders' agreement with the four individuals who own the 51% stake in MLodge.

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