The agreement is liable to be cancelled should Gold Peak Technology Group cease to be the single largest shareholder of GP Industries or should GP Industries’ chairman and CEO Victor Lo resign from his positions or cease to be the single largest shareholder of Gold Peak Technology.
Gold Peak Technology and Lo are currently the controlling shareholders of GP Industries, with direct ownership of 85.59% and 0.06%, respectively, of its shares.
Shares in GP Industries closed 1.5 cents higher or 2.4% up at 64 cents on Dec 4.
