Logistics

‘By object’ under section 34 of the Act refers to conduct that has ‘manifest anti-competitive economic rationale’

It plans to expand in South-east Asia, identifying Vietnam and Thailand as key growth markets

Chinese companies have expressed interest in developing the country’s low-altitude industry

But investors remain cautious due to high costs and geopolitical sensitivities

The firm says it has “completely accepted” the regulator’s requirements and made the necessary changes

The moves aim to strengthen the company’s finances and reassure investors before its upcoming IPO

The five-year fund has secured two seed assets in Elmina Business Park and the City of Elmina

CEO of the managers says the divestment is part of the trust’s ongoing portfolio optimisation initiatives

The closed-end logistics fund will hold development assets with total AUM of up to US$1.8 billion when completed