Global Logistic Properties completes evaluation of proposals received in strategic review

SINGAPORE (Feb 27): Global Logistic Properties on Monday announced that its special committee has evaluated various non-binding proposals received in relation to the independent strategic review of options available for its business.

In a filing to SGX, GLP says these non-binding proposals may involve a possible acquisition of all, or some, of the shares of the company, which may or may not lead to an offer being made for the shares of the company.

The special committee is in discussions with several parties whom it has shortlisted and such parties will be invited to conduct due diligence on the company, it adds.

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