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GLP halts trading pending announcement

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Published Thu, Jul 13, 2017 · 12:39 AM

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    GLOBAL Logistic Properties has halted the trading of its stock pending an announcement.

    The developer of high-end warehouses is currently assessing a number of firm bids for its business as part of a strategic review that was requested by major shareholder GIC.

    The leading bidders are believed to be a Chinese consortium backed by the company's management and a group led by Warburg Pincus.

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