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Temasek invests US$250 million in Shanghai Yupei warehousing giant
RRJ CAPITAL, a fund owned by Singaporean sovereign wealth fund Temasek, announced it has purchased a US$250 million stake in Shanghai Yupei Group, which owns and operates a nationwide logistics warehouse network in China.
Yupei said in a press release that the recent investment would complete all equity financing needs for the foreseeable future, furthering plans to extend its warehouse network to 3.4 million square metres.
The investment follows a $200 million stake purchased by US private equity firms by Carlyle Group and Townsend Group. As of this month, RRJ manages two funds totalling $5.9 billion.
Yupei said in a press release that the recent investment would complete all equity financing needs for the foreseeable future, furthering plans to extend its warehouse network to 3.4 million square metres.
The investment follows a $200 million stake purchased by US private equity firms by Carlyle Group and Townsend Group. As of this month, RRJ manages two funds totalling $5.9 billion.
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