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Stocks to watch: Mapletree Logistics Trust, GLP, SingPost

40393336 - 01_11_2016 - SINGAPORE-SINGPOST-LOGISTICS-E-COMMERCE-HUB.jpg
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.

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.

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