Warehouse firm Yupei attracts investment from RRJ, Temasek's SeaTown
Published on Apr 11, 2014 10:10 AM
SHANGHAI (Reuters) - Shanghai Yupei Group said private equity firm RRJ Capital and SeaTown, a unit of Singapore state investor Temasek Holdings, have agreed to invest US$250 million (S$312 million) in the Chinese logistics company.
The capital raising, plus the US$200 million it raised last year from United States private equity firms The Carlyle Group and The Townsend Group, completes Yupei's equity financing needs for the foreseeable future, the company said in a statement late on Thursday.
Yupei, one of the largest privately owned logistics warehouse companies in China, plans to speed up its 2017 plans to own and operate a nationwide network with more than 3.4 million square metres (37 million square feet) of net leasable area, it said.