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GLP CEO and non-exec director involved in non-binding bids

Special panel of four IDs and headed by chairman will evaluate proposals with help of financial and legal advisers

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GLP is buying two facilities in Chicago for US$33 million, bringing its logistics portfolio in the American city to one million sq m, and 16 million sq m of facilities for the entire US portfolio.

Singapore

GLOBAL Logistic Properties (GLP) said it has received various non-binding proposals from a number of parties, which include its CEO Ming Z Mei and non-executive director Fang Fenglei.

Mr Mei and Mr Fang have interest in one of the parties that have submitted the offers...

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