Key Developments: Global Logistic Properties Ltd (GLPL.SI)

GLPL.SI on Stock Exchange of Singapore

2.88SGD
1 Sep 2014
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$0.03 (+1.05%)
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Latest Key Developments (Source: Significant Developments)

Global Logistic Properties Ltd subsidiaries announces acquisition and incorporation of subsidiaries
Friday, 29 Aug 2014 05:35am EDT 

Global Logistic Properties Ltd:Says CLH (56) Pte. Ltd., an indirect subsidiary of the Company, incorporates a wholly-owned subsidiary known as Tianjin Puda Warehousing Service Co., Ltd with registered capital of US$15,400,000 having principal activities of distribution facilities and services.Says CLH 8 (HK) Ltd, an indirect subsidiary, incorporates a wholly-owned subsidiary known as Yuepu Logistic Holdings Limited with Paid-up Capita of US$1,000 and principal activities of investment holding.Says CLH (46) Pte. Ltd., an indirect subsidiary, has acquired a wholly-owned subsidiary known as GLP Pengshan Puhai Logistics Facilities Co., Ltd. with registered capital of 60,000,000 yuan and principal activities of distribution facilities and services.Says CLH (134) Pte. Ltd., an indirect subsidiary, has acquired 25 pct interest in a company known as Excel Team International Limited for a consideration of US$750,000.  Full Article

Global Logistic Properties Ltd to sell nine additional assets to GLP J-REIT
Monday, 11 Aug 2014 02:30am EDT 

Global Logistic Properties Ltd:Says to sell nine wholly owned properties in Japan to GLP J-REIT.Sale price of JPY53.8 billion (US$529 million1 ) is in line with the properties’ fair market value2 as of 30 June 30, 2014.Properties comprise a total gross floor area of 237,000 square meters.  Full Article

Global Logistic Properties Ltd announces strategic partnership, invests for stake in CMSTD
Monday, 4 Aug 2014 09:04am EDT 

Global Logistic Properties Ltd:Establishes strategic partnership with CMSTD.Both companies have agreed to form a JV to be the exclusive developer of modern logistics facilities on land sourced by CMSTD in China.GLP to invest two billion Yuan ($324 million ) for a 15.3 pct stake in CMSTD.  Full Article

Global Logistic Properties Ltd's subsidiary incorporates indirect subsidiaries
Thursday, 24 Jul 2014 05:50am EDT 

Global Logistic Properties Ltd:CLF Investment Holding (Shanghai) Co., Ltd., an indirect subsidiary of the Company, has incorporated the following wholly-owned subsidiaries known as GLP Huiyang Danshui Logistics Facilities Co., Ltd. (GLP Huiyang) and GLP Shuangliu Logistics Facilities Co., Ltd. (GLP Shuangliu).Says GLP Huiyang Danshui Logistics Facilities Co., Ltd. was incorporated in China, for principal activities of provision of distribution facilities and services.Says GLP Shuangliu Logistics Facilities Co., Ltd was incorporated in China, for principal activities of provision of distribution facilities and services.  Full Article

Global Logistic Properties Ltd extends partnership with BMW Brilliance Automotive In China
Thursday, 24 Jul 2014 05:07am EDT 

Global Logistic Properties Ltd:Signs new agreement with BMW Brilliance Automotive Ltd. (the customer) to lease 19,000 sqm (205,000 sq ft) in Greater Guangzhou-Foshan, Southern China.BMW Brilliance Automotive had previously utilized the facility to distribute auto parts through third party logistics provider to meet increasing demand for auto parts from its authorized dealers in Southern China.The customer has now chosen to sign a larger, direct leasing agreement with GLP to facilitate their business expansion in China.BMW Brilliance Automotive Ltd. is a joint venture between BMW and Brilliance Auto which focuses on the production, distribution and sale of BMW passenger cars in mainland China.GLP is currently developing a build-to-suit facility for BMW Brilliance Automotive at GLP Park Lingang in Shanghai which will become carmaker’s largest distribution center in Asia when it is completed.  Full Article

Global Logistic Properties Ltd leases 15,000 sqm (161,000 sq ft) to multi-channel retailer in China
Tuesday, 22 Jul 2014 05:06am EDT 

Global Logistic Properties Ltd:Says it has signed a new lease agreement totaling 15,000 square meters (161,000 square feet with a multi-channel retailer in China.Says the customer will use the facility to meet increasing demand for products sold through their leading e-commerce and TV shopping platforms in Midwestern China.  Full Article

Global Logistic Properties announces change of Chairman
Thursday, 17 Jul 2014 05:09am EDT 

Global Logistic Properties Ltd:Says Ang Kong Hua relinquished his position as Chairman of the Board, Chairman of the Human Resource and Compensation Committee and Member of the Audit Committee.Appoints Seek Ngee Huat as Chairman of the Board and Chairman of the Human Resource and Compensation Committee.  Full Article

Global Logistic Properties announces incorporation of indirect subsidiaries
Wednesday, 2 Jul 2014 06:23am EDT 

Global Logistic Properties Ltd:Says CLH (123) Pte. Ltd, an indirect subsidiary, has incorporated a wholly-owned subsidiary known as GLP Suzhou Tongli Logistics Facilities Co., Ltd. with registered capital of US$12,000,000 and principal activity of distribution facilities and services.Says CLH (135) Pte. Ltd., an indirect subsidiary has incorporated a wholly-owned subsidiary known as Tianjin GLP Industry Park Development Co., Ltd. with registered capital of 169,000,000 yuan and principal activity of f distribution facilities and services.Says CLF Investment Holding (Shanghai) Co., Ltd., an indirect subsidiary, has incorporated a wholly-owned subsidiary known as GLP Chongzhou Logistics Facilities Co., Ltd. with registered capital of US$21,300,000 and principal activity of distribution facilities and services.Says CLH (91) Pte. Ltd., an indirect subsidiary has incorporated a wholly-owned subsidiary known as GLP Kunshan Shipu Logistics Facilities Co., Ltd. with registered capital of US$14,800,000 and principal activity of distribution facilities and services.  Full Article

Global Logistic Properties leases 27,000 sqm (291,000 sq ft) to best logistics in china
Wednesday, 2 Jul 2014 05:08am EDT 

Global Logistic Properties Ltd:Signs a new agreement with Best Logistics, to lease 27,000 square meters (sqm) (291,000 square feet (sq ft)) in Mid-western China.Best Logistics will use the facility to serve customers from consumer goods and e-commerce industries. Best Logistics is a strategic partner and one of GLP’s largest customers in China by leased area.  Full Article

Global Logistic Properties announces change in Chairmanship
Thursday, 26 Jun 2014 06:32pm EDT 

Global Logistic Properties Ltd:Says Seek Ngee Huat will be appointed as Chairman of the Board with effect from July 17.Seek succeeds Ang Kong Hua who will step down as an Independent and Non-Executive Chairman at the conclusion of GLP’s forthcoming AGM on July 17.  Full Article

UPDATE 1-GLP creates joint-venture with China's state-owned warehouse firm

HONG KONG, Aug 4 - Global Logistic Properties Ltd (GLP) is to buy a 15.3 percent stake in China's largest state-owned warehouse logistics company for 2 billion yuan ($324 million), and the two firms will form a joint venture, aiming to tap the warehouse industry in China amid an online shopping boom.

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