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GKE Corporation Limited ( (SG:595) ) has provided an announcement.
GKE Corporation Limited has accepted a 20-year lease extension offer from Jurong Town Corporation for its property at 7 Kwong Min Road, Singapore. This strategic move ensures long-term operational stability and continuity for GKE’s logistics and infrastructure activities. The company plans to invest S$1.65 million in new plant and machinery and develop the property according to green building standards. The funding for these developments may be partially sourced from the proceeds of a recent share placement, reflecting GKE’s commitment to sustainable growth and infrastructure enhancement.
More about GKE Corporation Limited
GKE Corporation Limited is a company incorporated in Singapore, operating through its subsidiaries in various sectors. The company focuses on logistics and infrastructure development, providing services and solutions that cater to the needs of these industries.
Average Trading Volume: 4,179,607
Technical Sentiment Signal: Buy
Current Market Cap: S$87.7M
For a thorough assessment of 595 stock, go to TipRanks’ Stock Analysis page.