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Chinese consortium acquires Singapore warehouse giant [Copy link] 中文

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Post time 2017-7-16 15:13:05 |Display all floors

        A Chinese consortium announced Friday it will buy Singaporean warehouse operator Global Logistic Properties (GLP) for 15.9 billion Singapore dollars (about 11.6 billion U.S. dollars).

        The consortium includes Shenzhen-based real estate developer Vanke, GLP CEO Ming Z. Mei, private equity firms Hillhouse Capital Management and Hopu Investment Management, and Bank of China Group Investment.

GLP owns or operates warehouses and logistics facilities in China, Japan, Brazil and the United States, with a combined area of 55 million square kilometers.

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