(EnergyAsia, January 18 2011, Tuesday) — Global Logistic Properties (GLP) said it has bought a 20% stake in Shenzhen Chiwan Petroleum Supply Base Co (SCPSB) for HK$539.2 million. (US$1=HK$7.77). SCPSB is the parent of BLOGIS, China’s second-largest logistics company, next only to GLP. GLP, majority-owned by the Government of Singapore Investment Corporation (GIC), purchased its…
CHINA: GLP purchased 20% stake in Chiwan oil logistics firm for HK$539.2 million
Posted on January 17, 2011 by EnergyAsia