Singapore GLP, which listed in 2010 in a S$3 billion initial public offering (IPO), is to buy 53 per cent of China's Airport City Development in a bid to capture more of that country's booming air-cargo logistics business. Airport City is the sole developer of air-cargo handling and bonded logistics facility for Beijing Capital International Airport.
Singapore GLP buys into Airport City
Latest News
Tuesday, 11 January 2011
Singapore GLP, which listed in 2010 in a S$3 billion initial public offering (IPO), is to buy 53 per cent of China's Airport City Development in a bid to capture more of that country's booming air-cargo logistics business. Airport City is the sole developer of air-cargo handling and bonded logistics facility for Beijing Capital International Airport.
