HONG KONG/SYDNEY (Reuters) – Logistics agency GLP is considering a Hong Kong itemizing that may happen as very early as following yr, 8 years after the Singapore- included firm was taken unique by a capitalist group, 3 sources with straight understanding of the difficulty said.
GLP has really held onset conversations with a handful of financial consultants in regards to the relisting technique, said 2 of the sources and a 4th particular person with understanding of the difficulty.
The timing of the itemizing and GLP’s doable analysis within the providing are prematurely to be recognized and will surely depend on market issues, each sources said.
The firm’s total web property value has really gotten to regarding $20 billion, said amongst each sources and the third useful resource.
GLP, which in response to its website online 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)
