
GLP goes private and closes Singapore's largest M&A deal
It delisted from the SGX-ST on 22 January.
GLP Pte Ltd, formerly Global Logistic Properties Limited, converted to a private company after delisting from the Singapore Exchange Securities Trading Limited (SGX-ST) on 22 January 2018.
Singapore Business Review previously reported that Chinese consortium Nesta Investment Holdings bought the company for $16.4b, including net debt.
The group, which includes Hillhouse Capital Management and Hopu Investment Management, offered $3.38 a share.
The deal is Singapore's largest merger and acquisition (M&A) deal so far, boosting the country's M&A activity to $119.82b in 2017.