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Global Logistic Properties Ltd Announces Change Of Interest In Indirect Subsidiary


Monday, 30 Sep 2013 06:33am EDT 

Global Logistic Properties Ltd announced that CLH Limited, a direct wholly-owned subsidiary of the Company, has acquired an additional 25% interest in China Logistics Holding (26) Pte. Ltd. for a cash consideration of USD642,206 from Meriton Holding Limited, an unrelated Company. Following the Acquisition, the Company‚Äôs interest in CLH26 has increased from 70% to 95%.