GLP

GLP: Signed new leasing agreements totalling 44k sqm in Guangdong. 30k sqm was leased in Guangzhou to a leading domestic e-commerce retailer for 5 years. 14k sqm was leased in Shenzhen to Feili Logistics for 3 yrs and is the first collaboration btwn co and Feili. Feili is a leading 3rd party logistics providers operating in North Asia, Taiwan and Sg. Co is currently trading at a P/B of 0.8x.