Global Logistic Properties undertakes strategic review

Singapore

GLOBAL Logistic Properties Limited (GLP) is undertaking a strategic review of options available to enhance shareholder value, following a request from its largest shareholder GIC.

It has appointed JP Morgan (SEA) Limited as its financial adviser and constituted a special committee, consisting of four independent directors, to oversee the strategic review.

"As part of the strategic review, the company, through JPMorgan, is in the process of m…