HONG KONG/SYDNEY (Reuters) – Logistics firm GLP is contemplating a Hong Kong itemizing that would occur as early as subsequent yr, eight years after the Singapore-incorporated agency was taken non-public by an investor group, three sources with direct information of the matter stated.
GLP has held early stage discussions with a small variety of monetary advisers concerning the relisting plan, stated two of the sources and a fourth individual with information of the matter.
The timing of the itemizing and GLP’s potential valuation within the providing are too early to be decided and would depend upon market circumstances, the 2 sources stated.
The agency’s complete web asset worth has reached about $20 billion, stated one of many two sources and the third supply.
GLP, which in keeping with its web site develops and operates logistics actual property, information centres, renewable power and associated applied sciences, with a presence in 17 nations together with Brazil, China, Europe, India, Japan, the U.S. and Vietnam, didn’t reply to a Reuters request for remark.
Calls to its representatives went unanswered.
The sources didn’t need to be recognized as the knowledge was confidential.