Bernama.com, 9 Aug 2011
SINGAPORE, Aug 9 (Bernama) -- Global Logistic Properties Ltd (GLP), Asia's largest provider of modern logistics, has signed a agreement to acquire 49 per cent stake in Shanghai Yupei Group Co Ltd for US$53.6 million (US$1=RM3.01).
The acquisition is via 100 per cent equity acquisition of Shimmer Profits Ltd (SPL), a Hong Kong-registered special-purpose vehicle wholly-owned by Equity International (EI).
Yupei, one of the leading logistics properties providers in China, is a privately-held industrial property developer headquartered in Shanghai. Full story
