Boyu Capital Joins Consortium Investing $2.5B In Singapore’s GLP

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Singapore-listed Global Logistic Properties (GLP) says it has received the total US$2.5 billion investment from a Chinese investor consortium led by Hopu Investment Management Co., and new investors including well-connected private equity firm Boyu Capital have joined the consortium, according to a company announcement.

The consortium agreed to inject US$2.5 billion into GLP for a combined 34% stake in February. Back then, the investors included Beijing-based China Life Insurance Co. Ltd., Bank of China Group Investment Ltd. and Hopu.

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