Singapore-listed Global Logistic Properties (GLP) has agreed to form a strategic partnership with China’s largest state-owned warehouse logistics provider China Materials Storage and Transportation Development Company (CMSTD) by investing US$324 million for a 15.3% stake of CMSTD, according to an official announcement. GLP plans to acquire CMSTD's shares at RMB11.82 per share in cash, representing […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.