Microsoft Word - notification sub.24042015 GLOBAL LOGISTIC PROPERTIES LIMITED

(Registration No. 200715832Z) (Incorporated in Singapore on August 28, 2007)

NOTIFICATION ON INDIRECT SUBSIDIARIES

Global Logistic Properties Limited (the "Company") wishes to announce the following:-

A. Incorporation of a new indirect subsidiary

1. CLH 14 (HK) Limited, an indirect subsidiary of the Company, has incorporated a 60%-owned subsidiary known as GLP Jintang Logistics Facilities Co., Ltd. ("GLP Jintang"). Information relating to GLP Jintang is as follows:
Name of company : GLP Jintang Logistics Facilities Co., Ltd. Country of Incorporation : China
Registered Capital : RMB102,000,000
Principal activities : Provision of distribution facilities and services

B. Acquisition of a new indirect subsidiary

1. CLH 25 (HK) Limited, an indirect subsidiary of the Company, has acquired 60% interest in a company known as Foshan Pufeng Logistics Co., Ltd. ("Foshan Pufeng") for a consideration of RMB250,669,368 (the "Consideration"). Information relating to Foshan Pufeng is as follows:
Name of company : Foshan Pufeng Logistics Co., Ltd. Country of Incorporation : China
Registered Capital : RMB350,350,000
Principal activities : Provision of distribution facilities and services
The Consideration was arrived at arm's length and a willing buyer, willing seller basis, taking into account the book value of Foshan Pufeng at the time of the acquisition and was funded by internal resources.
As at 31 March 2015, the book value and net tangible asset value of Foshan Pufeng based on People's
Republic of China's Accounting Standards for Business Enterprises was RMB347,088,194. Following the acquisition, Foshan Pufeng will become an indirect subsidiary of the Company.
The acquisition is not expected to have any material impact on the net tangible asset value and earnings per
share of the Company for the financial year ended 31 March 2015.
None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the above acquisition, save for their respective interest, through their shareholdings and/or directorships, as the case may be, in the Company.
By Order of the Board of

GLOBAL LOGISTIC PROPERTIES LIMITED

Fang Xie, Heather
Chief Financial Officer
24 April 2015

distributed by