SINGAPORE (Jan 22): GLP, the provider of modern logistics facilities and technology-led solutions, today delisted from the Singapore Exchange (SGX) as it completes its privatisation process.
Following the group’s delisting, it will be changing its name to GLP Pte Ltd.
GLP is owned by a consortium of international long-term investors, who manage capital for sovereign wealth funds, university endowments and pension plans from North America, Asia and Europe.
GLP Park Xi'an ETDZ, Xi'an, China (Credit: GLP)
The consortium is fully aligned with GLP management’s vision to enhance its best-in-class global operating, development and fund management capabilities by creating a logistics ecosystem that utilises the latest technology, data and service offerings to drive value for customers.
Ming Mei, co-founder and CEO of GLP says, “We are focused on sustainable value creation through our logistics ecosystem. Our innovative use of technology and strategic investments create value for our investors, partners and customers as they navigate a rapidly changing business landscape.”
Alan Yang, chief investment officer of GLP says, “Our long-term strategy remains the same. That is to be the best operator in our markets, create value through developments and use our fund management platform to support strategic expansion.”
This story, written by Samantha Chiew for The Edge Singapore, first appeared on Jan 22.
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