11 Oct 2010

The Government of Singapore Investment Corporation Pte Ltd (GIC), through its affiliates, will be the largest single shareholder of GLP after its proposed listing.

Dr Seek Ngee Huat, President of GIC Real Estate, says, “The capital raised from the initial public offering (IPO) by GLP will facilitate GLP’s access to capital and allow the company to maximize its growth potential. GLP is looking to position itself for long-term growth through this proposed listing.”
The prospectus issued by GLP on 11 October 2010 in relation to the IPO is available for collection, subject to availability, during business hours from branches of DBS Bank (including POSB), OCBC and UOB and anyone wishing to acquire the IPO shares will need to make an application in the manner set out in the prospectus.