Property News · June 6, 2018

Is a boardroom spat brewing at China Logistics, amid the jostling for foothold in e-shopping boom?


Warbug Pincus, the US private equity firm that failed in the 2017 buyout of the world’s largest warehouse operator, has set its sigh on China’s No. 2 manager of logistics space, as it jostles to enlarge its footprint in the country’s booming e-commerce industry.
The firm’s e-Shang Redwood Group unit has bought 11.6 per cent of China Logistics Property Holdings since May 7, making ESR the third-largest stakeholder in the Hong Kong-listed warehouse operator, according to…

Source : South China Morning Post
Read more…Is a boardroom spat brewing at China Logistics, amid the jostling for foothold in e-shopping boom?