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An announcement from COSCO Shipping International Singapore Co Ltd ( (SG:F83) ) is now available.
COSCO Shipping International Singapore Co Ltd has announced that its joint venture, Goldlead Supply Chain Development, has signed a memorandum of understanding with PSA Port Ecosystem to explore potential collaborations for a new warehouse facility, PSA Supply Chain Hub @ Tuas. This initiative aims to establish a regional distribution center in Singapore, targeting markets in Southeast Asia and Asia, with a focus on regional transshipment. While the MOU is not legally binding, it indicates a strategic move to enhance the company’s logistics capabilities and market positioning in the region.
More about COSCO Shipping International Singapore Co Ltd
COSCO Shipping International Singapore Co Ltd operates within the shipping and logistics industry, focusing on supply chain development and regional distribution services. The company is involved in joint ventures to enhance its market presence in Southeast Asia and Asia.
Average Trading Volume: 6,929,614
Technical Sentiment Signal: Sell
Current Market Cap: S$541.9M
Learn more about F83 stock on TipRanks’ Stock Analysis page.