Thursday, 4 May 2017

SGX Share update: GLP signs 3 mil sf of new leases in China

Global Logistic Properties (GLP) has rented a sum of 3 million sf in the course of recent months to four multi-area clients in China, whom the supplier of present day coordinations offices does not name but rather portrays as "pioneers in the web based business and car parts ventures".

In a Thursday official statement, the gathering says a sum of 2.4 million sf worth of new rent assentions were marked with two driving online business organizations in Eastern China, while the staying 0.57 mil sf were rented to two auto-related organizations crosswise over three areas in China. 

With these leases, GLP says it grows its associations with the said clients, of which two are its biggest clients by rented territory in China.

Shares of GLP shut level at 2.93 on Wednesday.

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    • CHASEN
    • NOBLE 
    • YUUZOO
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