GDH Limited has announced plans to privatise its Guangdong Tannery Limited (GTL) through a buyout of shares. The privatisation of the company, of which GTL already owns 72%, is set to cost about HK$46 million (US$5.9 million). In a joint announcement GDH and GTL stated that GDH had requested the GTL Board to put forward the proposal to the shareholders.

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