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China Vanke in talks to join Chinese consortium bidding for Singapore's GLP - sources

Reuters  |  HONG KONG 

By Julie Zhu and Sumeet ChatterjeeHONG KONG (Reuters) - China Vanke, the country's No.2 homebuilder by sales, is in talks to join a Chinese consortium led by Hopu Investment Management and Hillhouse Capital Group to bid for Global Logistic Properties, three sources said.Shenzhen-based Vanke has been in discussions with the Hopu-Hillhouse consortium for a couple of weeks, said one source, adding that the bidding group was talking to at least two other potential investors from China.The consortium, also backed by the Singapore-listed firm's CEO Ming Mei, plans to set up an investment fund for ...

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First Published: Fri, June 16 2017. 17:44 IST
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