You are here

GLP takes 15% stake in China state-owned firm

It invests 2b yuan for stake in warehouse logistics provider

GLOBAL Logistic Properties (GLP) has invested two billion yuan (S$403 million) for a 15 per cent stake in China's largest state-owned warehouse logistics provider as part of a strategic tie-up, it said yesterday.

The investment in China Materials Storage and Transportation Development...

Market voices on: