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Share Name | Share Symbol | Market | Type |
---|---|---|---|
JP Morgan Chase and Co | NYSE:JPM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.45 | 0.23% | 192.19 | 194.46 | 190.79 | 192.27 | 7,446,622 | 00:55:07 |
By P.R. Venkat
SINGAPORE -- Global Logistic Properties Ltd. said Thursday that it has appointed J.P. Morgan Chase & Co. to undertake a strategic review of the company as part of its efforts to enhance shareholder value.
Singapore-listed GLP, which currently has a market capitalization of $7 billion, said that it is undertaking the review following a request from its largest shareholder GIC Real Estate Pvt Ltd. GIC Real Estate is a unit of Singapore sovereign-wealth fund GIC Pte. Ltd.
"As part of the strategic review, the company, through J.P. Morgan, is in the process of making preliminary approaches to various parties to evaluate the viability of options available for its business," GLP said in a filing to the Singapore stock exchange.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
December 01, 2016 08:20 ET (13:20 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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