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GLP takes 15% stake in China state-owned firm
It invests 2b yuan for stake in warehouse logistics provider
Published Mon, Aug 4, 2014 · 10:00 PM
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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 Company (C…
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