Singapore-Listed GLP Enlists J.P. Morgan for Strategic Review
December 01 2016 - 8:35AM
Dow Jones News
By P.R. Venkat
SINGAPORE -- Global Logistic Properties Ltd. said Thursday that
it has appointed J.P. Morgan Chase & Co. to undertake a
strategic review of the company as part of its efforts to enhance
shareholder value.
Singapore-listed GLP, which currently has a market
capitalization of $7 billion, said that it is undertaking the
review following a request from its largest shareholder GIC Real
Estate Pvt Ltd. GIC Real Estate is a unit of Singapore
sovereign-wealth fund GIC Pte. Ltd.
"As part of the strategic review, the company, through J.P.
Morgan, is in the process of making preliminary approaches to
various parties to evaluate the viability of options available for
its business," GLP said in a filing to the Singapore stock
exchange.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
December 01, 2016 08:20 ET (13:20 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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