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Global Logistic Properties Ltd announces transfer of additional entity to CLF Fund I, L.P

Wednesday, 12 Feb 2014 05:53am EST 

Global Logistic Properties Ltd:Says it has divested CLH (133) Pte. Ltd. (CLH133), a company incorporated in Singapore, to CLF Fund I, L.P.Says the final consideration paid in cash, for the sale by the Company to the fund of CLH133 on completion, was $18,505,240.Says following the completion of the transfer of CLH133 to the Fund, the effective interest of the company in CLH133, through the Fund, has been reduced from 100 pct to about 56 pct.