trending Market Intelligence /marketintelligence/en/news-insights/trending/R5PHZ_t32EBX-hCeZq4ivg2 content esgSubNav
In This List

GLP unit buys out Hong Kong project company

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends


GLP unit buys out Hong Kong project company

Global Logistic Properties Ltd.'s CLH (89) Pte. Ltd. acquired the remaining 5% interest it does not own in Vailog Hong Kong DC14 Ltd. for approximately 3.7 million Chinese yuan.

The price was arrived at on a willing buyer, willing seller basis taking into account the 3.8 million yuan book value of the purchased stake in Vailog.

Following the acquisition, CLH (89) now wholly owns Vailog, which owns Weilong (Nanjing) Storage Facilities Co. Ltd.

As of April 5, US$1 was equivalent to 6.90 Chinese yuan.