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GKE Corporation Limited ( (SG:595) ) has shared an update.
GKE Corporation Limited has entered into a joint venture agreement with Li Shan through GKE Retails Pte. Ltd., aiming to expand its business as a distributor, wholesaler, and retailer of mobile communication services and accessories in Singapore. This strategic move includes Li Shan subscribing to shares in GKE Retails, altering the shareholding structure to 60% for GKE Corporation and 40% for Li Shan. Additionally, both parties have made further investments in GKE Retails, reinforcing their commitment to the telecommunications sector and potentially enhancing GKE’s market positioning and stakeholder value.
More about GKE Corporation Limited
GKE Corporation Limited is a company based in Singapore, primarily engaged in the logistics and warehousing industry. The company is diversifying its operations into the sales and distribution of telecommunications mobile handsets and accessories, focusing on expanding its market presence in Singapore.
Average Trading Volume: 678,943
Technical Sentiment Signal: Hold
Current Market Cap: S$64.82M
See more insights into 595 stock on TipRanks’ Stock Analysis page.