GLP today delisted from the Singapore Exchange, marking the completion of its privatization process. In connection with the delisting, the company's name will change to GLP Pte Ltd.
The delisting from the Singapore Exchange completes a process that began last summer when GLP agreed to a takeover by a consortium including an entity controlled by CEO Ming Mei.
GLP Establishes US$1.5 billion GLP US Income Partners III
GLP has established GLP US Income Partners III with total equity commitments of US$620 million. Six leading global institutional investors from Asia, US and Middle East have committed for a stake of approximately 90%.