Singapore
Weil, Gotshal & Manges Beijing partner Li Li and Shanghai partners Steven Xiang and Anthony Wang are advising a consortium of Chinese investors on a $2.5 billion investment in Singapore-based warehouse operator Global Logistic Properties Ltd. The consortium, led by private equity firm Hopu Funds and Bank of China Investments Ltd., is buying a 34 percent share of the company’s Chinese subsidiary as well as a 1.5 percent stake in GLP itself. GLP intends to use the proceeds from the deal to expand its network in China. Stamford Law Corp. is serving as Singapore counsel to the consortium. Morrison & Foerster Singapore partner Eric Piesner and Hong Kong partner Marcia Ellis are representing GLP. Allen & Gledhill is advising GLP on Singapore law. [Read full story]
