Global Logistic Properties incorporates six subsidiaries

21 Nov 2017 - Singapore Business Review
It also bought a logistics company for $27.9m. Global Logistic Properties (GLP) incorporated six new subsidiaries in England, Singapore, and China. It said in an announcement that its three new companies in England, namely, GLP UK Management Limited, Pearl Income Holdings UK Limited, and Pearl Income ...
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Global Logistic Properties profits up 33.6% to US$231.26m in Q3

13 Nov 2017 - Singapore Business Review
Thanks to higher revenue from projects and financial services in China. Global Logistic Properties' (GLP) profits rose 33.6% YoY from $235.28m (US$173.06m) to $314.4m (US$231.26m) in Q3. According to its financial statement, revenue increased by 31.9% YoY from $290.48m (US$213.66m) to $383m (US$281.71m). ...
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Largest operator of warehousing space in China, Singaporean logistics giant GLP, posts 34pc second quarter profit rise

10 Nov 2017 - South China Morning Post
Global Logistics Properties (GLP), the Singapore-listed logistic giant and largest operator of warehouse space in China, has reported a 34 per cent year-on-year jump in net profit in the three months to September, boosted by higher rental income and foreign exchange gains. Net profit climbed 34 per cent ...
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GLP: Reports 2Q FY18 Earnings.

10 Nov 2017 - ShareInvestor Express
2Q FY18 earnings up 34% year-on-year to US$231 million. Scheme meeting to take place on 30 November 2017, Shareholders to receive S$3.38 in cash per share by 19 January 20181 if Scheme becomes effective. Gazeley portfolio expected to be fully syndicated by April 2018 with GLP retaining a 15% stake...
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Nazir Razak said to plan US$1b SEA fund

10 Nov 2017 - The Star Online
KUALA LUMPUR: Nazir Razak, chairman of CIMB Group Holdings Bhd. and brother of Malaysia’s prime minister, is helping start a regional private equity fund that will seek as much as US$1bil, people with knowledge of the matter said. Nazir will keep his role at CIMB, Malaysia’s second-largest bank, while ...
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GLP net profit up 34% in Q2 on higher revenue and forex gain

10 Nov 2017 - Business Times Breaking News
Higher revenue and foreign exchange gains boosted results for Global Logistic Properties (GLP) in its second quarter.Net profit went up 33.6 per cent to S$231.3 million from the previous year, the group said in a Singapore Exchange filing on Friday morning.For the three months ended Sept 30, revenue ...
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GLP's independent adviser finds privatisation bid 'fair and reasonable'

27 Oct 2017 - Business Times Breaking News
The independent financial adviser for Global Logistic Properties' (GLP) independent directors has deemed a proposed privatisation to be fair and reasonable, according to scheme documents despatched on Friday.Evercore Asia, which was appointed after Singapore's Securities Industry Countil found the previous ...
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Warehouse giant GLP issues 1b yuan worth of panda bonds on China’s interbank market

18 Oct 2017 - South China Morning Post
Global Logistic Properties Ltd, the Singapore-based logistics giant, said it has issued 1 billion yuan worth of bonds on China’s interbank market with the proceeds to be used to repay existing debt and raise funds for its China business. “The issuance is consistent with our policy to naturally hedge ...
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GLP China issues 1b renminbi bonds on China's interbank market

17 Oct 2017 - Business Times Breaking News
GLP has issued one billion renminbi (S$205 million) bonds in China's interbank market.The mainboard-listed global logistics provider, which is in the midst of privatisation, said on Tuesday that the panda bonds have a five-year tenure and carry an annual coupon of 4.99 per cent.Proceeds will be used ...
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GLP China: To Issue RMB1 Billion Of Panda Bonds Via China's Interbank Market.

17 Oct 2017 - ShareInvestor Express
GLP is the first international company to issue panda bonds on both the Shanghai Stock Exchange and China's Interbank Market. Five-year bonds carry an annual coupon of 4.99%. RMB1.0 billion (US$152 million) offering was more than 2.6 times oversubscribed. Issuance is in line with GLP's natural hedge ...
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