Hot stock: GLP surges on talk of potential suitors
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GLOBAL Logistic Properties (GLP) was among the most active stocks on the Singapore Exchange (SGX) on Monday. As at 2.00pm, the stock was up by nearly 5 per cent and trading at S$2.75. Some 36.6 million units had changed hands.
The mainboard-listed logistics group last week said that it has received several proposals from would-be buyers of the company, including some connected to its directors.
In an SGX filing, GLP said that the non-binding proposals from various parties arising from the review did not yet involve a definitive deal. It added that there was no assurance any deal would materialise.
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