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An announcement from GKE Corporation Limited ( (SG:595) ) is now available.
GKE Corporation Limited has announced the establishment of a new wholly-owned subsidiary, GKE Logistics Services LLC, in Dubai, UAE, under its subsidiary GKE Logistics (Middle East) Pte. Ltd. The new entity will offer logistics services in warehousing, transport, and freight, with an issued capital of AED300,000. This strategic expansion, funded through internal resources, is not expected to impact the company’s net tangible assets or earnings per share significantly for the financial year ending May 2025. No directors or substantial shareholders have a direct or indirect interest in this transaction, aside from their existing shareholdings in the company.
More about GKE Corporation Limited
GKE Corporation Limited is a company based in Singapore, operating in the logistics industry. It focuses on providing services related to warehousing, transport, and freight management.
YTD Price Performance: 15.00%
Average Trading Volume: 2,090,851
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: S$71M
For detailed information about 595 stock, go to TipRanks’ Stock Analysis page.