GLP shares surge as much as 14.5% on talk of takeover interest

Singapore

SHARES of Global Logistic Properties Limited (GLP) surged on Wednesday on market talk that it has attracted takeover interest from an investor group that includes China's sovereign fund.

But the group said that it is "not in discussion with the above referenced investor group at this time", after the share price movement prompted a trading query from the Singapore Exchange (SGX).

GLP shares closed 8.7 per cent higher at S$1.945 with 138.96 million shares traded after it lifted its trading halt …