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Stocks to watch: Mapletree Logistics Trust, GLP, SingPost
The following companies have made announcements that may affect trading of their shares on Thursday:
Mapletree Logistics Trust is looking to purchase four properties with a total of 103,517 square metres in gross floor area in Victoria, Australia, for A$142.2 million (S$151.9 million). The acquisition is expected to be completed over the next few days.
Warehouse provider Global Logistic Properties has announced the establishment of a US$620 million fund that is expected to invest US$1.5 billion over three years, a day after it completed a US$1.1 billion acquisition of US properties.
The Singapore Exchange has given the green light for Chinese e-commerce giant Alibaba Group to raise its stake in Singapore Post through the issuance of 107.6 million new shares.