SUBSCRIBERS
GLP shares surge as much as 14.5% on talk of takeover interest
Published Wed, Nov 2, 2016 · 09:50 PM
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).
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein
Keppel prices 70 million euros of floating-rate notes due 2031
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
China’s Bank of Communications Q1 profit rises 1.44%