SINGAPORE (Aug 22): Global Logistic Properties has acquired Hallmark International Investment for US$121.6 million ($165.7 million).

The acquisition was undertaken through GLP's indirect subsidiary CLF2 Singapore.

Hallmark is an investment holding company with a paid-up capital of US$34.8 million and holds 100% interest in Kunshan Huacheng Weaving & Dyeing Co.

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