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Global Logistic
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pool100
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15-May-2017 02:07
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With more parties getting involved in the bids in addition to the original bidders, it can only be good for the shareholders waiting for a windfall. Look guys, we' re talking about blue chip properties under GLP umbrella. So blue that all the big boys want a piece of it. My gut feel is that with further interest from other parties, we should be looking in excess of $3.50. Should the stock sell down, it' s opportunity to load up. You' ll be richly rewarded. |
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MekMiRic
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14-May-2017 16:24
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i'm sharing something that may be outdated
when uobkayhian suggested that glp could be on sale,
they also suggested $4.25.
less than one month later,
the strategic review was announced.
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us9392
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13-May-2017 04:22
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The FI market has responded positively to the appearance of Seatown ( an absolute return fund ) linked to sovereign wealth. GLP SP 3 7/8 06/4/25 has shot up +0.975 to 95.773. The message is one of comfort from bond holders that maybe GLP will fall back into the safe hands of sovereign wealth         .......DYOHH |
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FATABA
Supreme |
12-May-2017 23:38
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mailaileh
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12-May-2017 23:00
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If I am not wrong, Hopu Investment Management and RRJ Capital have overlapping ownership? This news is puzzling
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AndyLoss
Master |
12-May-2017 22:48
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Agree the offer will not be attractive enough if Temasek takes over :)  Can anyone please tell what is the new NAV ? 
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moneyspinner
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12-May-2017 22:12
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Pretty evident that GIC is in need of cash so getting rid of GLP is an option.   If the bid is not up to expectation, then Temasek will take over the stake from GIC in so doing GIC will get the fund infusion.     Now the question is what is the final offer price?   May not be that attractive if Temasek is to take over the stake from GIC.   Let' s see.........  
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joshlai86
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12-May-2017 20:45
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It's clear GIC wants to get out/sell down. Why would GIC allow their competitors to open their books and then decide not to sell. | ||||||||
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nea03177
Senior |
12-May-2017 20:29
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Like SMRT, Temasek or GIC no need to bid, just do Scheme of Arrangement. Another way, join with another substantial shareholder or a new party and do Scheme of Arrangement like ARA Asset Management. Another way is sell to highest bidder (like NOL) and a General Offer to all remaining shareholders.
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gopguppy
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12-May-2017 20:27
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While it may be true that the bidders need more time to put forward a binding bid, I believe that no bidder is willing to show " his hand first" else other bidders will outbid them. All bids are supposed to be secret, but as we all know, rumours spread.  And bidders are giving excuses that they need more time, hoping that one of them will place their bet first.   The committee should indicate a specific date by which all bids need to be submitted to ensure fair play. I find it strange that the committee has set no deadline for bids. Otherwise, this saga will continue with no end in sight, which is not fair to the shareholders.
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AndyLoss
Master |
12-May-2017 20:24
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if Temasek is bidding then it will go to Temasek only...why will they take so much effort to bid otherwise :) | ||||||||
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tipper
Senior |
12-May-2017 20:16
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Temasik bid so as to take it private? |
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joshlai86
Veteran |
12-May-2017 19:16
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It's on the bloomberg terminal. With temasek in the bidding as well, I have a theory. Temasek is in there to ensure the other bidders will at least bid GIC's min asking price to takeover glp. In the event temasek bid is highest, there is no real loss to GIC. Left pocket right pocket. Singapore can still enjoy the growth potential of glp. | ||||||||
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moneyspinner
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12-May-2017 19:10
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Don' t understand why Temasek is participating in the bid for GLP when GIC is already a substantial shareholder of GLP.   Can anybody enlighten?
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gopguppy
Veteran |
12-May-2017 18:37
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Bro, can share the Bloomberg link of this news?
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MekMiRic
Member |
12-May-2017 16:51
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nice :)
so we wait till june at most
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joshlai86
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12-May-2017 16:24
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By Joyce Koh, Jonathan Browning, Pooja Thakur and Elffie Chew (Bloomberg) -- Global Logistic Properties Ltd., the $9.7 billion Singapore-based warehouse operator, will allow potential suitors more time to evaluate its business before deciding whether to submit final offers, according to people with knowledge of the matter. GLP is giving bidders at least a couple more weeks to prepare binding bids, after originally planning to request offers this month, according to the people. No firm deadline has been set, the people said, asking not to be identified as the information is private. Suitors have been requesting more information to allow them to vet GLP?s operations more closely and line up financing to back any offers, said the people. The bidders are competing for GLP against a consortium that includes the company?s chief executive officer and one of its major shareholders. Private equity firm RRJ Capital and Seatown Holdings Pte, a unit of Singapore state investment firm Temasek Holdings Pte, are part of an investor group that?s deciding whether to proceed with a bid, according to the people. Blackstone Group LP and a separate Warburg Pincus-led consortium are also among suitors considering bids for GLP, people with knowledge of the matter said in February. The shortlisted management-backed group includes Chinese investment firms Hillhouse Capital Management and Hopu Investment Management, as well as GLP CEO Ming Mei, the people said at the time. Hillhouse owns 8.2 percent of GLP, according to data compiled by Bloomberg. Purchasing GLP would allow an acquirer to take advantage of a boom in demand for warehouse space in Asia from e-commerce companies such as Alibaba Group Holding Ltd. and JD.com Inc. GLP said in December that it hired JPMorgan Chase & Co. to advise on a strategic review requested by its largest shareholder, sovereign wealth fund GIC Pte. Representatives for GLP, Blackstone, Warburg Pincus and an official at RRJ Capital declined to comment. An official at Hopu and a representative for Hillhouse didn?t immediately respond to requests for comment. A spokesman for Temasek referred queries to Seatown, which didn?t immediately respond to an email seeking comment. A GLP takeover would be the largest Singapore M&A deal since Thai billionaire Charoen Sirivadhanabhakdi?s purchase of Fraser & Neave Ltd. in 2013, according to data compiled by Bloomberg. GLP said last month that discussions on shortlisted non-binding proposals continue and the due diligence process is still ongoing. | ||||||||
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lglg666
Supreme |
12-May-2017 13:41
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The chicken run is over.....?
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lglg666
Supreme |
12-May-2017 13:21
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BB tried to do a flushing to scare off the weak holders before they pump? | ||||||||
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nea03177
Senior |
12-May-2017 12:04
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Daiwa is a market maker to create liquidity in the stock. No need to be too concerned. Rather it is the Chinese Govt clamp down on funds outflow that is worrying investors
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