GLP owns and manages a global portfolio of 55 million square meters, with dominant market positions in China, Japan, US and Brazil. Domestic consumption is a key driver of demand for GLP. The Company is also one of the world’s largest real estate fund managers, with assets under management of US$39 billion.
GLP is listed on the Mainboard of Singapore Exchange Securities Trading Limited (SGX stock code: MC0.SI; Reuters ticker: GLPL.SI; Bloomberg ticker: GLP SP).
|Proposed Privatization of GLP ||
|On 14 July 2017, GLP and a group of investors, including GLP’s CEO Ming Mei, HOPU, Hillhouse Capital, Bank of China Group Investment and Vanke, jointly announced a proposed privatization of GLP at S$3.38 cash per share. The proposed transaction will require, among others, shareholder approval and court sanction. If shareholders approve the proposed transaction and subject to other scheme conditions being fulfilled, the transaction is expected to be completed on or before 14 April 2018. |
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