Global Logistic Properties (GLP) was delisted last Mon after being successfully privatised. It is a growth stock, and I had hoped to hold on to it for 15 years or more, but alas, some deep pocket investors recognised its potential as well and privatised it before I could see it mature into a globally recognised name.
GLP has the potential to become similar to Uber in the global logistics industry. See The GLP Story for more info. During the shareholder meeting to vote for the privatisation, a few minority shareholders recognised its potential and spoke out against the privatisation. Although I was sad to see GLP go, I voted for it anyway. The privatisation vote was not an isolated event; it was the culmination of a series of events that started way back in Feb 2014 when shareholders voted to sell 34% of the China subsidiary to a group of …