GIC, Temasek to list investees in return of big SGX IPOs
Global Logistic Properties Ltd. (GLP), the international logistics business owned by Singapore SWF the Government of Singapore Investment Corp. (GIC), plans to raise S$3.45 billion ($2.64 billion) in an SGX listing which could be the largest in Singapore since SingTel listed in 1993, and the city-state's second largest ever.
Global Logistic has reportedly earmarked S$1.5 billion ($1.14 billion) of the IPO proceeds, from the sale of 1.76 billion shares, to expand its business in China and Japan, and about S$600 million ($458...
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