Stocks to watch: Mapletree Logistics Trust, GLP, SingPost

The following companies have made announcements that may affect trading of their shares on Thursday:

Mapletree Logistics Trust is looking to purchase four properties with a total of 103,517 square metres in gross floor area in Victoria, Australia, for A$142.2 million (S$151.9 million). The acquisition is expected to be completed over the next few days.

Warehouse provider Global Logistic Properties has announced the establishment of a US$620 million fund that is expected to invest US$1.5 billion over three years, a day after it completed a US$1.1 billion acquisition of US properties.

The Singapore Exchange has given the green light for Chinese e-commerce giant Alibaba Group to raise its stake in Singapore Post through the issuance of 107.6 million new shares.