Reported about 1 month ago
Negotiations for GLP Pte's sale of a stake in its China operations to Guangdong Holdings Ltd. have stalled over term disagreements. While GLP may explore talks with other buyers, a recent $5.2 billion sale of a part of its fund management arm has eased its financial pressure. Despite the challenges, discussions with Guangdong Holdings could potentially resume in the future. In the first half of 2024, GLP's China revenue declined by 16%, resulting in a significant net loss, although its data center operations showed strong growth.
Source: YAHOO