Wuzhou International (01369) said it entered into a cooperation framework agreement with Global Logistic Properties Investment Management (China) Co., Ltd. (GLP China) regarding a wide-ranging scope of cooperation including developing and operating commercial logistics parks.
The scope of the cooperation includes joint investments to create logistics and storage platforms in close proximity to the sites of Wuzhou's developed projects or projects to be developed in the future, utilizing GLP China's expertise in the management of logistic storage facilities, implementation of cooperation projects in certain cities in China, and other potential opportunities in the areas of, without limitation, "online to offline" commerce, creation of additional distribution platforms and financial cooperation.
GLP China is one of the group companies of Global Logistic Properties Limited, a company listed in the Singapore Stock Exchange and a leading provider of modern logistics facilities, with particular focus in its warehousing expertise.
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