Daily Briefing: World's first composite lift unveiled in Singapore; Warburg Pincus said to be forming consortium to bid for GLP

And here's a glace at the key sectors at SGX.

Singapore Lift Company (SLC) has launched the first composite lift in the world, paving the way for the city-state to manufacture a revolutionary type of elevators in the future. Made of lightweight and durable materials used in the aerospace sector, Formula 1 racing and deep sea exploration, this new type of lift is expected to be a game-changer in the building and construction industry. Read more here.

Warburg Pincus is forming a consortium to bid for Global Logistic Properties Ltd., the Singapore-based warehouse operator, according to people with knowledge of the matter. Warburg Pincus has been speaking with banks and potential bidding partners about an offer for the industrial property owner, which has a market value of about $8.5 billion, the people said. GLP, which has assets in China, Japan, the U.S. and Brazil, has asked for first-round offers by early February, people with knowledge of the matter said previously. Click here to find out more.

While the Singapore Exchange (SGX) has a broad range of companies listed on it like most other exchanges there are some industry sectors that are represented more extensively than others. The SGX has broken down its listings into 20 main sectors. Click here to take a glance at these key sectors.

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