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GLP in supply chain financing partnership

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Published Mon, Mar 3, 2014 · 10:00 PM

GLOBAL Logistic Properties (GLP) will collaborate with Bank of China to provide GLP's customers with supply chain financing, the mainboard-listed company said yesterday.

Bank of China can track and monitor goods being used as collateral inside GLP's warehouses, allowing it to provide "better financing alternatives to GLP's customers".

This is the first such partnership for GLP.

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