Global Logistic Properties Ltd (GLPL.SI)
26 May 2017
BRIEF-Global Logistic Properties provides update on strategic review of options available for business
* Refers to announcements in relation to independent strategic review of options available for its business
* Refers to announcements in relation to establishment of fund, completion of acquisition of certain industrial assets in USA
(The following statement was released by the rating agency) HONG KONG/SHANGHAI, May 23 (Fitch) Global Logistic Properties Limited's (GLP; BBB+/Stable) results for the year ended March 2017 (FY17) were in line with Fitch Ratings' expectations. The results show the business operations of the logistic property developer and operator remain intact amid the strategic review announced in December 2016. The outcome of the review remains uncertain and Fitch will reassess GLP's business and financial pro
* Signs 182,000 Sqm (2 Million Sq Ft) of new leases in Japan and China Source text for Eikon: Further company coverage:
* In FY18, GLP intends to and start US$2.2 billion of new developments Source text for Eikon: Further company coverage:
* Signed 275,000 square meters of new leases in china with four leaders in e-commerce and auto parts industries Source text for Eikon: Further company coverage:
HONG KONG/SYDNEY Merger and acquisitions involving Asian companies fell 39 percent in the first quarter of 2017 to $176 billion, the lowest level in nearly three years and highlighting a sharp pull back in overseas deals by Chinese firms.
* special committee remains in discussions with such parties and that these parties have commenced due diligence on company.
March 29 Pdf 1: Global Logistic Properties Limited ()
(The following statement was released by the rating agency) SINGAPORE/JAKARTA, March 24 (Fitch) Fitch Ratings has assigned Singapore-based Mapletree Industrial Trust's (MIT; BBB+/Stable) new SGD100 million seven-year unsecured and unsubordinated notes due in March 2024 a rating of 'BBB+'. MIT has to-date issued a total of SGD405 million of unsecured unsubordinated medium-term notes (MTNs) from its SGD1 billion multi-currency MTN programme. The new notes, which have a fixed 3.16% coupon, and