GLP predicted to privatise by April 2018

Shareholders could receive $3.38 per share.

The curtain on Global Logistic Properties (GLP) could fall soon after it received the Singapore Exchange's (SGX) approval for its proposed delisting.

According to its presentation slides, it intends to give out its Scheme Document by 1 December 2017.

Should the scheme become effective, the privatisation is expected to be completed by 14 April 2018. Shareholders will also receive $3.38 per share.

After the delisting, GLP intends to continue its operations and strengthen its position in key markets. It also wants to "create a logistics ecosystem for the future" through big data technologies and products.

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