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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.