Yupei Group

GLP to acquire 49% stake in Yupei Group

Mainboard-listed Global Logistic Properties (GLP) says it has signed an agreement to acquire a 49 per cent stake in Shanghai Yupei Group - a leading logistics properties provider in China. In a news release, GLP said the acquisition will cost US$53.6 million (S$65.2 million) and will be done through the 100 per cent equity acquisition of a Hong registered special purpose vehicle Shimmer Profits Limited by...

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