HONG KONG/SYDNEY (Reuters) – Logistics firm GLP is taking into consideration a Hong Kong listing that can take place as very early as following year, 8 years after the Singapore- included company was taken exclusive by a capitalist team, 3 resources with straight understanding of the issue stated.
GLP has actually held onset conversations with a handful of monetary consultants concerning the relisting strategy, stated 2 of the resources and a 4th individual with understanding of the issue.
The timing of the listing and GLP’s possible evaluation in the offering are prematurely to be identified and would certainly rely on market problems, both resources stated.
The company’s overall internet property worth has actually gotten to concerning $20 billion, stated among both resources and the 3rd resource.
GLP, which according to its web site establishes and runs logistics property, information centres, renewable resource and associated innovations, with an existence in 17 nations consisting of Brazil, China, Europe, India, Japan, the UNITED STATE and Vietnam, did not react to a Reuters ask for remark.
Calls to its agents went unanswered.
The resources did not wish to be determined as the info was personal.
(Reporting by Kane Wu and Julie Zhu in Hong Kong, Scott Murdoch in Sydney and Engen Tham in Shanghai; Additional coverage by Clare Jim; Editing by Muralikumar Anantharaman)
