tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Gecoss Corporation Expands International Presence by Acquiring Majority Stake in FUCHI Pte. Ltd.

Story Highlights
Gecoss Corporation Expands International Presence by Acquiring Majority Stake in FUCHI Pte. Ltd.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Gecoss Corporation ( (JP:9991) ) has shared an update.

Gecoss Corporation has decided to convert its affiliate, FUCHI Pte. Ltd., into a consolidated subsidiary by increasing its stake to 70% through a capital increase. This strategic move aims to leverage FUCHI’s technical expertise and strong customer base in Singapore to enhance Gecoss’s international expansion and strengthen its financial position, particularly in public infrastructure projects like MRT and expressways.

More about Gecoss Corporation

Gecoss Corporation operates in the construction industry, focusing on heavy temporary construction services. The company is expanding its market presence internationally, particularly in Singapore and Malaysia, through strategic partnerships and acquisitions.

Average Trading Volume: 48,724

Technical Sentiment Signal: Buy

Current Market Cap: Yen42.03B

See more insights into 9991 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1