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alog.cc

Founded Year

2004

Stage

Acquired | Acquired

About ALOG

ALOG is a third-party e-commerce logistics company. It is the core warehouse management service provider of Tmall Mart.On August 11th, 2020, ALOG was acquired by Alibaba Group. The terms of the transaction were not disclosed.

ALOG Headquarters Location

Xixi First Block B2-3 Floor CECEP, Xihu District

Hangzhou, Zhejiang ,

China

+86 0571-8885 9588

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Research containing ALOG

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CB Insights Intelligence Analysts have mentioned ALOG in 1 CB Insights research brief, most recently on Sep 23, 2022.

Latest ALOG News

ESR REIT : Proposed Merger Of Esr-REIT And Alog - Entry Into S$835m And A$365m Unsecured Loan Facilities

Apr 18, 2022

04/18/2022 | 09:44am EDT Message : *Required fields (Constituted in the Republic of Singapore pursuant to a trust deed dated 31 March 2006 (as amended)) PROPOSED MERGER OF ESR-REIT AND ARA LOGOS LOGISTICS TRUST BY WAY OF A TRUST SCHEME OF ARRANGEMENT ENTRY INTO S$835 MILLION AND A$365 MILLION UNSECURED LOAN FACILITIES 1. ENTRY INTO S$835 MILLION AND A$365 MILLION UNSECURED LOAN FACILITIES ESR Funds Management (S) Limited, as manager of ESR-REIT (the "ESR-REIT Manager"), refers to the circular dated 25 February 2022 (the "Circular") despatched electronically to unitholders of ESR-REIT ("ESR-REIT Unitholders") in relation to the proposed merger (the "Merger") of ESR-REIT and ARA LOGOS Logistics Trust ("ALOG"), to be effected through the acquisition by RBC Investor Services Trust Singapore Limited (in its capacity as trustee of ESR-REIT) (the "ESR-REIT Trustee") of all the units of ALOG held by the unitholders of ALOG ("ALOG Unitholders"), in exchange for a combination of cash and units in ESR-REIT, by way of a trust scheme of arrangement (the "Scheme") in compliance with the Singapore Code on Take-overs and Mergers. Unless otherwise defined herein, all capitalised terms in this announcement (this "Announcement") shall have the same meanings given to them in the Circular. In connection with the Merger and the Scheme, the ESR-REIT Trustee and ESR-LOGOS REIT AUS (MTN) Pty Ltd (the "AU Borrower") (a wholly-owned subsidiary of ESR-REIT) (the "Borrowers") have today entered into a S$835 million and A$365 million unsecured loan facilities agreement (the "Facilities Agreement") with (a) DBS Bank Ltd., DBS Bank Ltd., Australia Branch, Malayan Banking Berhad, Singapore Branch, Sumitomo Mitsui Banking Corporation Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited and Australia and New Zealand Banking Group Limited, as mandated lead arrangers and bookrunners, (b) DBS Bank Ltd., DBS Bank Ltd., Australia Branch, Malayan Banking Berhad, Singapore Branch, Sumitomo Mitsui Banking Corporation Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited and Australia and New Zealand Banking Group Limited, as original lenders and (c) DBS Bank Ltd., as facility agent. The unsecured loan facilities consist of S$835 million and A$365 million term and revolving loan facilities (the "Facilities"). The proceeds of the Facilities will be applied by the Borrowers towards the following purposes: (a)in relation to the S$835 million term and revolving loan facilities: (i)the financing of the Cash Consideration payable to the ALOG Unitholders under the Scheme; (ii) interest of Manager's controllingthe shareholder or which place restrictions on any change in control of the Manager The Facility Agent (acting on the instructions of the Majority Lenders (as defined in the Facilities Agreement) in their absolute discretion) has the right to require the Borrowers to enter into discussions in good faith for a stipulated time with the Finance Parties (as defined in the Facilities Agreement) to review the terms of the Facilities Agreement, upon the occurrence of the following: (a) the Manager resigns or is removed as the manager of ESR-REIT without the prior written consent of the Majority Lenders and a replacement manager which is acceptable to the Majority Lenders is not appointed in accordance with the terms of the trust deed of ESR-REIT by the effective date of the resignation or removal of the Manager; and/or (b) ESR Cayman Limited ceases to hold, whether directly or indirectly, at least 50.1% of the issued share capital of the Manager without the prior written consent of the Majority Lenders. If (i) the Facility Agent (acting on the instructions of the Majority Lenders) rejects the proposal submitted by the Borrowers to the Facility Agent further to the discussions within a stipulated response period; or (ii) the Borrowers have not submitted any proposal within the stipulated time for the discussions, the Facility Agent may, and shall if so directed by the Majority Lenders, by notice to the Borrowers, cancel the Total Commitments (as defined in the Facilities Agreement) and/or require the Borrowers to repay or prepay all amounts accrued and outstanding under the Finance Documents (as defined in the Facilities Agreement) immediately (or, if later, on the Review Expiry Date (as defined in the Facilities Agreement) (or such later date as the Majority Lenders may agree)). If the Majority Lenders (in their absolute discretion) are agreeable to the proposal submitted by the Borrowers and the Borrowers fail to carry out the steps and/or proposed alternative arrangement set out in such proposal by the time period within which such proposed alternative arrangement is to be carried out to the satisfaction of the Majority Lenders, the Total Commitments shall immediately be cancelled and the Borrowers shall repay or prepay all amounts accrued and outstanding under the Finance Documents within 15 days from the date on which the Total Commitments are cancelled. The aggregate principal amount of loan facilities under the Facilities Agreement that may be affected in the event of a breach of the conditions set out above is up to the aggregate of S$835 million and A$365 million.1 BY ORDER OF THE BOARD ESR Funds Management (S) Limited As Manager of ESR-REIT (Company Registration No. 200512804G, Capital Markets Services Licence No.100132) Adrian Chui Chief Executive Officer and Executive Director 18 April 2022 Any queries relating to this Announcement, the Merger or the Scheme should be directed to one of the following: Citigroup Global Markets Singapore Pte. Ltd. Tel: +65 6657 1959 (Formerly known as Maybank Kim Eng Securities Pte. Ltd.) Tel: +65 6231 5179 1 It should be noted that the terms and conditions of typical facility agreements may contain cross default clauses, pursuant to which a default of obligations by a Borrower in the Facilities Agreement may trigger an event of default in other facility agreements. The aggregate level of facilities affected in the event of a breach of conditions in the above table does not take into account facilities which may be affected due to the triggering of such cross default provisions in such other facility agreements. About ESR-REIT ESR-REIT has been listed on the Singapore Exchange Securities Trading Limited since 25 July 2006. ESR-REIT invests in quality income-producing industrial properties and as at 31 December 2021 holds interest in a diversified portfolio of 56 properties located across Singapore, with a total gross floor area of approximately 15.3 million square feet and an aggregate property value of S$3.2 billion2. The properties are in the following business sectors: Business Park, High-Specs Industrial, Logistics/Warehouse and General Industrial, and are located close to major transportation hubs and key industrial zones island-wide. ESR-REIT also holds a 10.0% interest in ESR Australia Logistics Partnership, a private fund comprising 36 predominantly freehold logistics properties all located in Australia. The ESR-REIT Manager's objective is to provide ESR-REIT Unitholders with a stable income stream through the successful implementation of the following strategies: • • Acquisition of value-enhancing properties; Proactive asset management; Divestment of non-core properties; and Prudent capital and risk management. The ESR-REIT Manager is owned by namely, ESR Group ("ESR") (67.3%), Shanghai Summit Pte. Ltd. (25.0%), and Mitsui & Co., Ltd (7.7%). For further information on ESR-REIT, please visit www.esr-reit.com.sg . About the Sponsor, ESR ESR is APAC's largest real asset manager powered by the New Economy and the third largest listed real estate investment manager globally. With US$140.2 billion in total assets under management (AUM), ESR's fully integrated development and investment management platform extends across key APAC markets, including China, Japan, South Korea, Australia, Singapore, India, New Zealand and Southeast Asia, representing over 95% of GDP in APAC, and also includes an expanding presence in Europe and the U.S. ESR provides a diverse range of real asset investment solutions and New Economy real estate development opportunities across its private funds business, which allows capital partners and customers to capitalise on the most significant secular trends in APAC. With 14 listed REITs managed by ESR and its associates, ESR is the largest sponsor and manager of REITs in APAC with a total AUM of US$45 billion. ESR's purpose - Space and Investment Solutions for a Sustainable Future - drives it to manage sustainably and impactfully and ESR considers the environment and the communities in which it operates as key stakeholders of its business. Listed on the Main Board of The Stock Exchange of Hong Kong, ESR is a constituent of the FTSE Global Equity Index Series (Large Cap), Hang Seng Composite Index and MSCI Hong Kong Index. More information is available at www.esr.com . 2 Includes 100% of the valuation of 7000 Ang Mo Kio Avenue 5 and 48 Pandan Road, in which ESR-REIT holds 80% interest in 7000 Ang Mo Kio Avenue 5 and 49% interest in 48 Pandan Road, but excludes the effects arising from the adoption of Financial Reporting Standard (FRS) 116 Leases which became effective on 1 January 2019. This is an excerpt of the original content. To continue reading it, access the original document here . Attachments

  • When was ALOG founded?

    ALOG was founded in 2004.

  • Where is ALOG's headquarters?

    ALOG's headquarters is located at Xixi First Block B2-3 Floor, Hangzhou.

  • What is ALOG's latest funding round?

    ALOG's latest funding round is Acquired.

  • Who are the investors of ALOG?

    Investors of ALOG include Alibaba Group, Borui Capital, CEC Capital Group, Welkin Capital Management, Yunfeng Capital and 3 more.

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