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Proposed Privatization

On 14 July 2017, GLP and Nesta Investment Holdings Limited ("the Offeror") jointly announced a proposed scheme of arrangement for the Offeror to acquire all the issued and paid-up shares of GLP at S$3.38 cash per share, with the intention to delist and privatize GLP. The Offeror is owned by a consortium comprising HOPU, Hillhouse Capital, SMG, which is owned by GLP's CEO Ming Mei, Bank of China Group Investment and Vanke.


The proposed transaction marks the conclusion of the independent Strategic Review, first announced on 1 December 2016, which led to the receipt of firm proposals on 30 June 2017. The Strategic Review was overseen by the Special Committee of the Board of Directors of GLP, comprising four independent directors, focused on maximizing value for all shareholders.


The Company has been providing regular updates on the Strategic Review. The relevant announcements (including the Joint Announcement) can be found below.


Shareholders are advised to refrain from taking any action in relation to their shares which may be prejudicial to their interests until they or their advisers have considered the information set out in the Scheme Document, which is expected to be dispatched to shareholders in due course.

Proposed Privatization
DateTitle
06/11/17REMINDER LETTER
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27/10/17SCHEME DOCUMENT
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27/10/17PROXY FORM FOR SCHEME MEETING
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27/10/17PRESENTATION SLIDES - UPDATE ON PRIVATIZATION
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27/10/17STATUTORY ANNOUNCEMENT - DESPATCH OF SCHEME DOCUMENT
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27/10/17STATUTORY ANNOUNCEMENT - NOTICE OF SCHEME MEETING
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09/10/17PRESENTATION SLIDES - PROPOSED PRIVATIZATION OF GLP
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09/10/17STATUTORY ANNOUNCEMENT - RECEIPT OF SGX APPROVAL-IN-PRINCIPLE
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02/10/17STATUTORY ANNOUNCEMENT - STATEMENT OF SUPPORT FROM NESTA FOR GLP’S EUROPE ENTRY
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28/08/17PRESENTATION SLIDES - PROPOSED PRIVATIZATION OF GLP
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08/08/17STATUTORY ANNOUNCEMENT - STATEMENT FROM NESTA ON FUTURE PLANS FOR GLP
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02/08/17STATUTORY ANNOUNCEMENT - APPOINTMENT OF NEW INDEPENDENT FINANCIAL ADVISER
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24/07/17STATUTORY ANNOUNCEMENT - APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER
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14/07/17SHAREHOLDER FAQ - PROPOSED PRIVATIZATION OF GLP
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14/07/17PRESENTATION SLIDES - PROPOSED PRIVATIZATION OF GLP
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14/07/17NEWS RELEASE - PROPOSED PRIVATIZATION OF GLP
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14/07/17STATUTORY ANNOUNCEMENT - PROPOSED PRIVATIZATION OF GLP
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03/07/17STATUTORY ANNOUNCEMENT - UPDATE ON STRATEGIC REVIEW
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23/06/17STATUTORY ANNOUNCEMENT - CLARIFICATION OF NEWS ARTICLE AND MONTHLY UPDATE ON STRATEGIC REVIEW
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08/06/17STATUTORY ANNOUNCEMENT - UPDATE ON STRATEGIC REVIEW
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25/05/17STATUTORY ANNOUNCEMENT - MONTHLY UPDATE ON STRATEGIC REVIEW
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27/04/17STATUTORY ANNOUNCEMENT - MONTHLY UPDATE ON STRATEGIC REVIEW
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30/03/17STATUTORY ANNOUNCEMENT - MONTHLY UPDATE ON STRATEGIC REVIEW
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08/03/17STATUTORY ANNOUNCEMENT - RESPONSE TO QUERY REGARDING TRADING ACTIVITY
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27/02/17STATUTORY ANNOUNCEMENT - UPDATE ON STRATEGIC REVIEW
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03/02/17STATUTORY ANNOUNCEMENT - UPDATE ON STRATEGIC REVIEW
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05/01/17STATUTORY ANNOUNCEMENT - CLARIFICATION OF NEWS REPORTS
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01/12/16STATUTORY ANNOUNCEMENT - CLARIFICATION OF NEWS REPORT
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