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

GLPL.SI on Stock Exchange of Singapore

2.72SGD
24 Oct 2014
Price Change (% chg)

$0.01 (+0.37%)
Prev Close
$2.71
Open
$2.70
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$2.74
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$2.68
Volume
6,947,000
Avg. Vol
10,896,165
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$3.14
52-wk Low
$2.54

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Latest Key Developments (Source: Significant Developments)

Global Logistic Properties Ltd leases 13,000 sqm (140,000 sq ft) to Pepsico in Brazil
Thursday, 16 Oct 2014 05:08am EDT 

Global Logistic Properties Ltd:Has leased 13,000 square meters (sqm) (140,000 square feet (sq ft)) to PepsiCo (the customer) in São Paulo, Brazil.The customer, one of the food and beverage companies, is expanding their logistics network amid growing domestic demand for its products.This leasing agreement marks the first collaboration of PepsiCo and GLP in Brazil.The stabilized logistics portfolio lease ratio in Brazil stands at 98 pct.  Full Article

Global Logistic Properties Ltd 's indirect jointly-controlled entities announces incorporation of entity and acquisition of 25 pct in Shiraoka Logistic Special Purpose Company
Wednesday, 1 Oct 2014 05:50am EDT 

Global Logistic Properties Ltd:Says Neptune LPS GP GK, an indirect jointly-controlled entity of the company, has incorporated an entity known as Neptune Investment Limited Partnership in Japan.Says GLP Japan Development TMK Holdings Pte. Ltd., an indirect jointly-controlled entity of the company, has acquired 25 pct interest in a company known as Shiraoka Logistic Special Purpose Company (Shiraoka TMK) for a consideration of 100,000 yen.Says consideration was funded by internal resources.  Full Article

Global Logistic Properties Ltd announces acquisition of new indirect subsidiaries
Tuesday, 30 Sep 2014 05:59am EDT 

Global Logistic Properties Ltd:Says it has acquired a subsidiary known as Lanchi Limited (Lanchi) for a total consideration of about 51,661,620 yuan comprising cash consideration of 24,791,719 yuan and settlement of an outstanding loan of 26,869,901 yuan owing by Lanchi to the seller.Says Lanchi holds 100 pct interest in Huizhou Yonghu Logistics Facilities Co., Ltd.Says acquisition and was funded by internal resources.Says following the acquisition, each of Lanchi and Huizhou Yonghu will become indirect subsidiaries of the company.  Full Article

Global Logistic Properties Ltd announces new leases totaling 43,000 SQM (463,000 SQ FT) in China
Monday, 29 Sep 2014 05:06am EDT 

Global Logistic Properties Ltd:Says it has signed new lease agreements totaling 43,000 square meters (463,000 square feet (sq ft)) in China.Says it extends partnership with JD.com, one of its customers in China by leased area.  Full Article

Global Logistic Properties Ltd announces incorporation of indirect subsidiary
Thursday, 25 Sep 2014 05:54am EDT 

Global Logistic Properties Ltd:Says GLP Brasil Empreendimentos e Participações Ltda., an indirect wholly-owned subsidiary of the Company, has incorporated a subsidiary known as GLP A Participações Ltda.Country of Incorporation is Brazil.Principal activities is Investment holding.  Full Article

Global Logistic Properties Ltd leases to three logistics companies
Tuesday, 9 Sep 2014 05:07am EDT 

Global Logistic Properties Ltd:Has signed new lease agreements totaling 87,000 square meters (sqm) (936,000 square feet ) with three third-party logistics (3PL) companies in Eastern and Midwestern China.  Full Article

Global Logistic Properties Ltd's indirect subsidiary acquires Vailog Hong Kong DC10 Ltd
Thursday, 4 Sep 2014 05:48am EDT 

Global Logistic Properties Ltd:Says an indirect subsidiary - CLH 6 (HK) Ltd acquired a 85 pct owned subsidiary known as Vailog Hong Kong DC10 Ltd for a consideration of HK$8,500.Vailog HK DC10 holds 100 pct interest in Weilong (Xianghe) Storage Services Co Ltd.Following the acquisition, each of Vailog HK DC10 and Weilong Xianghe will become indirect subsidiaries of the company.  Full Article

Global Logistic Properties Ltd completes sale of properties to GLP J-Reit
Tuesday, 2 Sep 2014 05:14am EDT 

Global Logistic Properties Ltd:Completes the sale of nine properties to GLP J-Reit for JPY53.8 billion Japanese yen ($518 million).Says the nine properties, are GLP Tokyo II, GLP Hiroshima, GLP Fukusaki, GLP Kadoma, GLP Okegawa, GLP Fukuoka, GLP Seishin, GLP Ogimachi and GLP Chikushino.  Full Article

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

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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