GLP

GLP: has disposed its entire 50% equity interest in Shanghai Yupei Group, which runs a logistics network in several cities across China, to an unrelated third party, for US$58.2m. As at Aug '13, the NAV and NTA of the stake was worth US$50.9m, implying that GLP stands to reap a disposal gain of US$7.3m (0.15 cts/ sh). While the financial impact is small, the stock is up 0.7% at $2.91 today.