HONG KONG/SYDNEY (Reuters) – Logistics agency GLP is bearing in mind a Hong Kong itemizing that may happen as very early as following 12 months, 8 years after the Singapore- included firm was taken unique by a capitalist crew, 3 sources with straight understanding of the problem acknowledged.
GLP has really held onset conversations with a handful of financial consultants in regards to the relisting technique, acknowledged 2 of the sources and a 4th particular person with understanding of the problem.
The timing of the itemizing and GLP’s potential analysis within the providing are prematurely to be recognized and would definitely depend on market issues, each sources acknowledged.
The firm’s total web property value has really gotten to regarding $20 billion, acknowledged amongst each sources and the third useful resource.
GLP, which in keeping with its website establishes and runs logistics property, info centres, renewable useful resource and related improvements, with an existence in 17 nations consisting of Brazil, China, Europe, India, Japan, the UNITED STATE and Vietnam, didn’t react to a Reuters ask for comment.
Calls to its brokers went unanswered.
The sources didn’t want to be decided as the information was private.
(Reporting by Kane Wu and Julie Zhu in Hong Kong, Scott Murdoch in Sydney and Engen Tham in Shanghai; Additional protection by Clare Jim; Editing by Muralikumar Anantharaman)
