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Jackpot2010 Master	19-Apr-2014 18:20        Jackpot2010 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shocking n sad news. extend my condolences to the family. I sold all my GP Batt shares 4 yrs ago when the CEO stated @2010 AGM that they were not ready for electric car batteries mass-production due to capital constraints. Previously Co had been paying decent div until last few yrs div dropped b' cos of poor business. My impression of him was an honest and upright CEO @ that AGM. Deceased was with Gold Peak for 39 yrs (since 1975). Well-educated with Master degree in Chemical Engineering from MIT.   Thus it is puzzling why after so long relationship he would jump off from his own factory building.  Moreover, recent Rights issue in March 2014 (1-for-2) was oversubscribed 200%. If he wanted to commit suicide why go thru all the trouble of issuing rights. He owns > 28% of Gold Peak HK  which in turn owned > 81% of GP Industries and GP Ind owns > 49% of GP Batteries (i.e. CEO' s deemed interest in GP Batt is > 50%).  Public investors hold 44% of GP Batteries @ July 2013 (Annual Report 2013). If something goes wrong then many investors will be hurt badly. DYODD
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edwinjup Supreme	19-Apr-2014 07:50        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just ask yourself..how many still use gp battery ....but this counter got good nav...maybe delisting is a better way for all shareholders SuperMonkey      ( Date: 19-Apr-2014 07:45) Posted: Hmm.. something not right with the company business.. refer to the website.. ya... share price will drop i think.. better dun touch until they solve the problems. http://www.scmp.com/news/hong-kong/article/1486472/senior-executive-gp-batteries-jumps-death-office-roof A senior executive of international battery maker GP jumped to his death from the roof of his office building in Kwai Chung yesterday. Andrew Ng Sung-on, 64, the vice-chairman and executive director of Gold Peak Industries (Holdings), who is also chairman and chief executive of GP Batteries International, was found lying unconscious on the ground outside the eight-storey Gold Peak Building on Castle Peak Road in Kwai Chung. He was confirmed dead by paramedics at the scene. They believed Ng jumped from the roof of the building, where his briefcase and tablet computer were found. A police source said Ng was seen leaving his office at about 3.30pm and had gone up to the roof a few minutes before he jumped. No suicide note was found and officers found nothing suspicious. The source said he had been troubled by his company' s business over the past few months and had been depressed. A post-mortem examination was expected to confirm the cause of death. According to the Gold Peak website, Ng joined the company in 1975 and had been vice-chairman of the group since 1990. Gold Peak Industries (Holdings) was founded in 1964 and listed on the Hong Kong Stock Exchange in 1984. Ng was also the founder of the group' s micro battery and rechargeable battery divisions, and he had been chairman and chief executive of its Singapore-listed subsidiary GP Batteries International Limited since 1993. GP Batteries is a major supplier of primary and rechargeable batteries. The company' s website claims that it is the largest consumer battery manufacturer on the mainland. Ng held a master of science degree in chemical engineering from the Massachusetts Institute of Technology in the United States. He is survived by his wife and a son. Group chairman and chief executive Victor Lo Chung-wing said in an announcement through the Hong Kong Exchanges and Clearing last night that the board wished to express its " deepest sorrow" over the death of Ng and conveyed its condolences to his family. The board also expressed its " deepest gratitude" for Ng' s " enormous contribution to the group" .
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SuperMonkey Senior	19-Apr-2014 07:49        SuperMonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	troubled by the business past few mths (let say beginning of this year).. so the coming financial result will be bad???
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SuperMonkey Senior	19-Apr-2014 07:45        SuperMonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hmm.. something not right with the company business.. refer to the website.. ya... share price will drop i think.. better dun touch until they solve the problems. http://www.scmp.com/news/hong-kong/article/1486472/senior-executive-gp-batteries-jumps-death-office-roof A senior executive of international battery maker GP jumped to his death from the roof of his office building in Kwai Chung yesterday. Andrew Ng Sung-on, 64, the vice-chairman and executive director of Gold Peak Industries (Holdings), who is also chairman and chief executive of GP Batteries International, was found lying unconscious on the ground outside the eight-storey Gold Peak Building on Castle Peak Road in Kwai Chung. He was confirmed dead by paramedics at the scene. They believed Ng jumped from the roof of the building, where his briefcase and tablet computer were found. A police source said Ng was seen leaving his office at about 3.30pm and had gone up to the roof a few minutes before he jumped. No suicide note was found and officers found nothing suspicious. The source said he had been troubled by his company' s business over the past few months and had been depressed. A post-mortem examination was expected to confirm the cause of death. According to the Gold Peak website, Ng joined the company in 1975 and had been vice-chairman of the group since 1990. Gold Peak Industries (Holdings) was founded in 1964 and listed on the Hong Kong Stock Exchange in 1984. Ng was also the founder of the group' s micro battery and rechargeable battery divisions, and he had been chairman and chief executive of its Singapore-listed subsidiary GP Batteries International Limited since 1993. GP Batteries is a major supplier of primary and rechargeable batteries. The company' s website claims that it is the largest consumer battery manufacturer on the mainland. Ng held a master of science degree in chemical engineering from the Massachusetts Institute of Technology in the United States. He is survived by his wife and a son. Group chairman and chief executive Victor Lo Chung-wing said in an announcement through the Hong Kong Exchanges and Clearing last night that the board wished to express its " deepest sorrow" over the death of Ng and conveyed its condolences to his family. The board also expressed its " deepest gratitude" for Ng' s " enormous contribution to the group" .
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edwinjup Supreme	19-Apr-2014 07:36        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bad news..will down... SuperMonkey      ( Date: 19-Apr-2014 07:31) Posted: 65 years old right? why kill himself?? wow.. wasted man.. Share price ? down or up u think? edwinjup      ( Date: 19-Apr-2014 06:32) Posted: Some news say ceo killed himself..is that true..??
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SuperMonkey Senior	19-Apr-2014 07:31        SuperMonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	65 years old right? why kill himself?? wow.. wasted man.. Share price ? down or up u think? edwinjup      ( Date: 19-Apr-2014 06:32) Posted: Some news say ceo killed himself..is that true..??
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edwinjup Supreme	19-Apr-2014 06:32        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some news say ceo killed himself..is that true..??
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