普洛斯宣布私有化要约 CEO梅志明联合中国财团进行股权收购

发布时间：2017-07-14

For Immediate Release

中文翻译版本仅作为参考，应以英文版本为准

PROPOSED PRIVATIZATION OF GLP

普洛斯宣布私有化要约 CEO梅志明联合中国财团进行股权收购

All capitalized terms which are used in this press release but not otherwise defined herein shall have the meanings ascribed to them in the Joint Announcement dated 14 July 2017. This press release should be read in conjunction with the Joint Announcement, a copy of which is available on http://ir.glprop.com
本新闻稿中使用的但未另行定义的所有黑体字显示的术语具有2017年7月14日的《联合公告》赋予其的含义。本新闻稿应结合《联合公告》一并释读，可从http://ir.glprop.com获取《联合公告》的副本。

Offer of S$3.38 in cash per share represents 81% premium over 12-month VWAP and exceeds highest ever closing price since listing
每股 3.38新加坡元的收购价格，比过去12个月的成交量加权平均股价高出81%，并高过其上市以来的最高收盘价
Proposed privatization will be effected by way of a scheme of arrangement; Irrevocable undertaking from major shareholder GIC to vote in favor
拟通过协议安排的方式进行私有化；主要股东新加坡政府投资公司 GIC已做出不可撤销的承诺为其私有化交易投赞成票
Independent Directors of GLP made a preliminary recommendation to shareholders to vote in favor of the Scheme, after considering a variety of factors
在考虑多种因素后，普洛斯的独立董事初步建议股东投票赞成该协议
Proposed Scheme is considered superior due to price certainty, limited conditionality and a defined completion timeframe
基于价格确定性、有限的收购条件和明确的交易完成时间表，拟议协议被认为更为优越

Singapore, 14 July 2017 – Nesta Investment Holdings Limited (the “Offeror”) and Global Logistic Properties Limited (“GLP” or the “Company”) today jointly announced (the “Joint Announcement”) the proposed acquisition of all the issued and paid-up ordinary shares in the capital of GLP (excluding treasury shares), by the Offeror, which is a wholly-owned subsidiary of Nesta Investment Holdings MidCo Limited (“MidCo”). MidCo is owned by a consortium (the “Consortium”) comprising HOPU, Hillhouse Capital, SMG, BOCGI and Vanke.

新加坡，2017年7月14日 – Nesta Investment Holdings Limited（下称“要约方”）和普洛斯公司（下称“普洛斯”或“公司”）今日联合宣布（下称“联合公告”），要约方拟认购普洛斯的所有已发行和实缴的普通股（不包括库存股）。要约方系Nesta Investment Holdings MidCo Limited（下称“MidCo”）的全资子公司。Midco由厚朴基金、高瓴资本、SMG、中银投资和万科组成的财团（下称“财团”）所有。

The proposed acquisition will be effected by way of a scheme of arrangement (the “Scheme”) in compliance with the Singapore Code on Take-overs and Mergers. The Offeror intends to delist and privatize the Company.
拟议收购将按照《新加坡收购与兼并守则》通过协议安排（下称“协议”）的方式进行。要约方拟将公司在新加坡退市，进行私有化。

Overview of the Transaction

交易概述

The Scheme Consideration is S$3.38 cash per share (“Scheme Consideration”), valuing the company at approximately S$16 billion, on an equity value basis, and representing premiums of approximately:
协议对价为每股3.38新加坡元（下称“协议对价”）。根据资产价值，公司估值约为160亿新加坡元，溢价情况大致如下：

64% over the last undisturbed share price¹
67% over the 1-month volume weighted average price (“VWAP”) per share²;
72% over the 3-month VWAP per share²;
76% over the 6-month VWAP per share²;
81% over the 12-month VWAP per share²;
8% over highest ever closing share price on 24 October 2013 and 15 November 2013;
25% over closing price on 12 July 2017, being the last full trading day immediately prior to the Joint Announcement Date; and
30% over the net asset value per share as of 31 March 2017³;

比最后不受干扰的股价高出64%¹;
比过去1个月的成交量加权平均股价高出67%²;
比过去3个月的成交量加权平均股价高出72%²;
比过去6个月的成交量加权平均股价高出76%²;
比过去12个月的成交量加权平均股价高出81%²;
比2013年10月24日和2013年11月15日的历史最高收盘价高出8%；
比2017年7月12日（即联合公告日之前的最后一个全天交易日）的收盘价高出25%；且
比截至2017年3月31日的每股资产净值高出30%³;

The Scheme Consideration will not be reduced by the proposed dividend⁴of S$0.06 per share announced on 19 May 2017.

2017年5月19日公布的每股0.06新加坡元的拟议派息⁴不会从协议对价中扣除。

The proposed acquisition is not conditional on any of the Antitrust Approvals, the approval from the Committee on Foreign Investment in the United States (CFIUS), the Third Party Consents and Fund Management Consents being obtained.

拟议收购的收购条件不包括反垄断审批、美国外国投资委员会（CFIUS）的批准、第三方同意和基金管理公司同意。

Overview of the Strategic Review

战略性评估概述

The Joint Announcement marks the conclusion of the independent Strategic Review, first announced on 1 December 2016, which led to the receipt of firm proposals on 30 June 2017.

公司首先于2016年12月1日宣布进行独立的战略性评估，并于2017年6月30日收到了确定的提案。今日联合公告的发布标志着独立战略性评估的完成。

The Strategic Review was overseen by the Special Committee of the Board of Directors of GLP, comprising four independent directors, focused on maximizing value for all shareholders.

由四名独立董事组成的普洛斯董事会专门委员会对战略性评估进行监督，专注于使所有股东价值最大化。

The Special Committee evaluated the proposals received, taking into consideration a number of factors including price, level of execution risk and expected completion timeframe. After conducting an in-depth and independent review and evaluation of the proposals received, the Special Committee, in consultation with its financial adviser and legal adviser, had recommended the Offeror as the preferred bidder. The proposed Scheme is considered superior due to its (i) price certainty at significant premiums to historical prices; (ii) greater degree of deal certainty due to the limited conditionality of the bid; and (iii) would likely be completed within a defined timeframe which would reduce execution risk. Such recommendation was accepted by the Board of Directors of GLP.

专门委员会对收到的所有提案进行了审查并考虑了多种因素，包括要约价格、执行风险和预期完成时间表。专门委员会在财务顾问和法律顾问的协助下，对收到的提案进行深入和独立的审查及评估后，建议将要约方列为优先竞购者。基于以下因素，拟议协议被认为更为优越：（i）要约价格显著高于历史股价；（ii）收购条件有限，极大提高了交易的确定性；及（iii）有望在明确的期限内完成交易，降低了执行风险。普洛斯的董事会已接受前述建议。

The Directors of GLP who are considered independent for the purposes of the Scheme (the “Independent Directors”) have received an opinion from GLP’s financial adviser on the Scheme Consideration. The Independent Directors concur with the financial adviser’s opinion that the Scheme Consideration is fair, from a financial point of view, to the shareholders. The Independent Directors’ preliminary recommendation is that shareholders vote in favor of the Scheme.

为协议之目的被视为具有独立性的普洛斯董事（下称“独立董事”）已收到了普洛斯财务顾问就协议对价出具的意见。独立董事同意财务顾问的意见，认为从财务的角度，协议对价对股东是公平的。独立董事初步建议股东投票赞成该协议。

The Company will appoint an independent financial adviser (the “IFA”) to advise the Independent Directors for the purposes of making a recommendation to shareholders in connection with the Scheme. Details of the Scheme including the Independent Directors’ final recommendation on the Scheme and the IFA’s advice will be included in the Scheme Document, expected to be dispatched to shareholders in due course.

公司将任命一位独立财务顾问向独立董事提供意见，以便独立董事向股东提供有关协议的建议。独立董事关于协议的最终建议、独立财务顾问意见以及其他协议细节将被归入协议文件中，将在适当的时候发送给股东。

Dr. Seek Ngee Huat, Chairman of GLP’s Board, Chairman of the Special Committee, and Independent Director, said: “The Special Committee, with guidance from our financial adviser J.P. Morgan and legal adviser Allen & Gledhill, conducted an in-depth and independent review in order to achieve the optimal result for all shareholders. After an extensive evaluation of all final proposals received, the Special Committee decided on the proposed Scheme, which we believe is compelling and value-enhancing for all shareholders. We are pleased to announce this Scheme for our shareholders’ consideration.”

普洛斯董事会主席，专门委员会主席兼独立董事薛义华博士表示：“专门委员会在财务顾问J.P. Morgan和法律顾问Allen & Gledhill的协助下，开展了深入和独立的评估，为所有股东争取最佳的结果。专门委员会在对收到的所有最终提案综合评估后，选定了拟议协议。专门委员会认为该协议具吸引力并能提升所有股东价值。我们很高兴宣布该协议以供股东考虑。”

Scheme Meeting

股东大会

Details of the Scheme Meeting to be convened will be contained in the Scheme Document which is expected to be dispatched to shareholders in due course.

即将召开的股东大会详情将归入协议文件中，将在适当的时候派发给股东。

The Scheme will require, among others, approvals from the following:

协议需获得以下各方的批准：

More than 50% of the number of shareholders representing at least 75% in value of the shares held by shareholders present and voting in person or by proxy at the Scheme Meeting; and
亲自出席股东大会或通过代理人表决的股东中，股东人数超过50%且其持有股票不少于所有表决股份的75%；及
The High Court of Singapore.
新加坡高等法院。

The Offeror and its concert parties will be required to abstain from voting.

要约方及其协同控股人需放弃表决。

Shareholders are advised to refrain from taking any action in relation to their shares which may be prejudicial to their interests until they or their advisers have considered the information set out in the Scheme Document.

在股东或其顾问考虑协议文件列载的信息之前，公司建议股东不要就其持有的公司股票采取任何可能有损其权益的行为。

Irrevocable Undertaking

不可撤销的承诺

GIC, as the single largest shareholder of the Company with a 36.84% stake, requested the independent Strategic Review at the end of 2016, and has provided an irrevocable undertaking to the Offeror to vote in favor of the Scheme on and subject to the terms set out in the Joint Announcement.

公司的单一最大股东新加坡政府投资公司 GIC 的持股比例为36.84%，其于2016年底要求进行独立的战略性评估，并根据联合公告载明的条款向要约方做出了不可撤销的承诺，表明其将投票赞成协议。

If shareholders approve the Scheme at the Scheme Meeting and subject to the satisfaction of the other Scheme conditions, the transaction is expected to be completed on or before 14 April 2018⁵.

如果股东在股东大会上批准协议，并且满足协议载明的其他条件，交易预计将在2018年4月14日或之前完成⁵。

About the Offeror

要约方简介

Nesta Investment Holdings Limited is a special purpose vehicle, incorporated under the laws of the Cayman Islands as a wholly-owned subsidiary of Nesta Investment Holdings MidCo Limited. MidCo is a wholly-owned subsidiary of Nesta Investment Holdings TopCo Limited, which is in turn wholly-owned by Nesta Investment Holdings, L.P. (“NIHLP”), an exempted limited partnership organised under the laws of the Cayman Islands. NIHLP is owned by a consortium comprising HOPU, Hillhouse Capital, SMG, BOCGI and Vanke.

Nesta Investment Holdings Limited是依照开曼群岛法律成立的特殊目的机构，为Nesta Investment Holdings MidCo Limited的全资子公司。MidCo系Nesta Investment Holdings TopCo Limited的全资子公司，而Nesta Investment Holdings TopCo Limited又被Nesta Investment Holdings, L.P.（下称“NHLP”）全资所有。NHLP是依照开曼群岛法律成立的可豁免有限合伙，由厚朴基金、高瓴资本、SMG、中银投资和万科组成的财团所有。

Responsibility statements

责任声明

GLP

普洛斯

The directors of the Company (including any who may have delegated detailed supervision of the preparation of this press release) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this press release in each case which relate to the Company (excluding information relating to the Offeror or any opinion expressed by the Offeror) are fair and accurate and that, where appropriate, no material facts which relate to the Company have been omitted from this press release, and the directors of the Company jointly and severally accept responsibility accordingly. For the avoidance of doubt, the Relevant Directors (being Mr. Ming Z. Mei and Mr. Fang Fenglei) take no responsibility for the Preliminary Recommendation.

公司董事（包括负责对本新闻稿的编写进行详细监督的任何董事）已经采取了所有合理注意，以确保本新闻稿列载的与公司有关的所有事实和意见（不包括与要约方有关的信息或要约方出具的任何意见）均公允、准确，本新闻稿未遗漏与公司有关的任何重大事实，公司董事应相应地承担个别及连带责任。为免存疑，相关董事（即梅志明和方风雷）不对初步建议负责。

Where any information which relates to the Company has been extracted or reproduced from published or otherwise publicly available sources or obtained from the Offeror, the sole responsibility of the directors of the Company has been to ensure that, through reasonable enquiries, such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this press release. The directors of the Company do not accept any responsibility for any information relating to the Offeror or any opinion expressed by the Offeror.

对于从已出版或在另行公开的资源中提取或复制或者从要约方处获得与公司有关的任何信息，公司董事的唯一责任是进行合理查询，以确保从此类资源中准确提取或者在本新闻稿中准确反映或重现该等信息（视具体情况而定）。公司董事无须就与要约方有关的任何信息或要约方出具的任何意见负责。

Offeror

要约方

The directors of the Offeror (including any who may have delegated detailed supervision of the preparation of this press release) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this press release (excluding information relating to the Company or any opinion expressed by the Company) are fair and accurate and that, where appropriate, no material facts in relation thereto have been omitted from this press release and the directors of the Offeror jointly and severally accept responsibility accordingly.

要约方的董事（包括负责对本新闻稿的编写进行详细监督的任何董事）已经采取了所有合理注意，以确保本新闻稿列载的所有事实和意见（不包括与公司有关的信息或公司出具的任何意见）均公允、准确，本新闻稿未遗漏与要约方有关的任何重大事实，要约方的董事应相应地承担个别及连带责任。

Where any information has been extracted or reproduced from published or otherwise publicly available sources or obtained from the Company, the sole responsibility of the directors of the Offeror has been to ensure that, through reasonable enquiries, such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this press release. The directors of the Offeror do not accept any responsibility for any information relating to or any opinion expressed by the Company.

对于从已出版或在另行公开的资源中提取或复制或者从公司处获得（与要约方有关）的任何信息，要约方董事的唯一责任是进行合理查询，以确保从此类资源中准确提取或者在本新闻稿中准确反映或重现该等信息（视具体情况而定）。要约方的董事无须就与公司有关的任何信息或公司出具的任何意见负责。

Forward-looking statements

前瞻性声明

All statements other than statements of historical facts included in this press release are or may be forward-looking statements. Forward-looking statements include but are not limited to those using words such as “seek”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “project”, “plan”, “strategy”, “forecast” and similar expressions or future or conditional verbs such as “will”, “would”, “should”, “could”, “may” and “might”. These statements reflect the Offeror’s or the Company's (as the case may be) current expectations, beliefs, hopes, intentions or strategies regarding the future and assumptions in light of currently available information. Such forward-looking statements are not guarantees of future performance or events and involve known and unknown risks and uncertainties. Accordingly, actual results may differ materially from those described in such forward-looking statements. Shareholders and investors of the Offeror and the Company should not place undue reliance on such forward-looking statements, and neither the Offeror nor the Company undertakes any obligation to update publicly or revise any forward-looking statements.

所有声明（本新闻稿中包含的历史事实声明除外）均为或可能为前瞻性声明。前瞻性声明包括但不限于使用了诸如“寻求”、“预期”、“期望”、“估计”、“相信”、“意图”、“预计”、“计划”、“战略”、“预测”等词语和类似表述或者采用将来时态或条件语气动词（如“将”、“欲”、“应”、“可能”、“可以”和“也许”）的声明。此类声明反映了要约方或公司（以适用者为准）目前对未来的期望、看法、希望、意图或战略以及基于目前可用信息作出的假设。前瞻性声明未对未来绩效的实现与否和未来事件的发生与否做出担保，其涉及已知和未知的风险及不确定性。因此，实际结果可能与前瞻性声明描述的结果存在显著不同。要约方和公司的股东及投资者不得过分依赖该等前瞻性声明，要约方和公司亦无义务对任何前瞻性声明进行公开更新或修订。

All investor enquiries relating to this press release or the Scheme should be directed to:

投资者如对本新闻稿或协议有任何疑问，请发送至：

Financial Adviser Contact (GLP):

J.P. Morgan (S.E.A.) Limited

Tel: +65 6882 8342

Media Contact (GLP):

Ambika Goel, CFA

SVP- Capital Markets and Investor Relations

Tel: +65 6643 6372

Email: agoel@glprop.com

Teneo Strategy Newgate Communications

Damien Ryan Terence Foo