Chi­nese firms win buy­out bid for GLP

China Daily (Hong Kong) - - BUSINESS -

The Nesta In­vest­ment Hold­ings Ltd has won a bid for the ac­qui­si­tion of S$16 bil­lion ($11.6 bil­lion) worth of shares in Sin­ga­pore’s lead­ing lo­gis­tics fa­cil­i­ties op­er­a­tor Global Lo­gis­tics Prop­er­ties (GLP) and will pri­va­tize it, GLP said on Fri­day. Ac­cord­ing to a joint state­ment re­leased by GLP and Nesta In­vest­ment, the lat­ter has pro­posed ac­quir­ing all the is­sued and paid-

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