Global Logistic Properties (GLP) on Thursday asked for its shares to be halted from trading on the Singapore exchange pending the release of an announcement.
The warehouse operator has picked a Chinese bidder consortium for final deal talks, Bloomberg reported citing people with knowledge of the matter.
Under the deal being contemplated, GLP would be taken private through a scheme of arrangement, the report said.
Shares of GLP have risen 23 percent this year, giving the company a market value of S$12.7 billion.
