Date
16 October 2017

Singapore’s Global Logistic lures China investors, report says

A group of Chinese investors, including Bank of China Group Investment, will put in a combined US$2.5 billion in Singapore’s Global Logistic Properties Ltd. (GLP), a leading provider of modern logistics facilities in China, Japan and Brazil, Bloomberg News reported Tuesday, citing a statement from the GLP. The consortium includes an unnamed large Chinese insurance company, and HOPU Funds, which is backed by China’s largest state-owned companies and institutional investors, the report said. They will invest US$2.36 billion by subscribing to new shares in GLP’s local subsidiary and about US$163 million through buying new shares in GLP, according to the report.

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