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Global Logistic Properties Limited
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(Incorporated in the Republic of Singapore)
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Company Registration No. 200715832Z
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CLARIFICATION OF NEWS REPORT
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Global Logistic Properties Limited (“GLP” or the “Company”) refers to the article in Bloomberg News on 1 December 2016.
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The Company is undertaking an independent strategic review of options available for its business in line with its commitment to enhance shareholder value, following a request received from its largest shareholder, GIC Real Estate Private Limited. The Company has constituted a special committee, consisting of four independent directors, to oversee the strategic review. The Company has also appointed J.P. Morgan (S.E.A.) Limited (“JPMorgan”) as its financial adviser to assist on the strategic review.
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As part of the strategic review, the Company, through JPMorgan, is in the process of making preliminary approaches to various parties to evaluate the viability of options available for its business. The Company wishes to emphasise that no definitive transaction has been entered into by the Company with any party (including the investor group mentioned in the article in Bloomberg News).
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There is no assurance that any transaction will materialise from the strategic review and the Company will make an appropriate announcement in the event of any material developments.
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Shareholders of the Company are advised to refrain from taking any action in respect of their shares or other securities of the Company which may be prejudicial to their interests, and to exercise caution when dealing in such shares or other securities.
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By Order of the Board of
GLOBAL LOGISTIC PROPERTIES LIMITED
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1 December 2016
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