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The latest update is out from GKE Corporation Limited ( (SG:595) ).
GKE Corporation Limited’s indirect wholly owned subsidiary, G K E Logistics Services LLC in Dubai, has entered into heads of terms with JAFZA Enterprises FZE, a subsidiary of global logistics giant DP World, for a proposed 20-year lease of customised premises in the Jebel Ali Free Zone South. The long-term lease in this strategic UAE logistics hub is intended to anchor and expand GKE’s warehousing and logistics operations in Dubai, providing operational stability, security of tenure, and cost certainty, while allowing the group to amortise its warehouse infrastructure investments efficiently and reduce exposure to rental volatility and relocation risk as it builds out its customer network in the region.
More about GKE Corporation Limited
GKE Corporation Limited is a Singapore-incorporated group that operates in the warehousing and logistics industry, providing storage and supply chain services across multiple markets. Through its subsidiaries, it focuses on expanding its logistics footprint and capabilities in key global trade hubs to support long-term growth and customer demand.
Average Trading Volume: 3,389,337
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$82.43M
Learn more about 595 stock on TipRanks’ Stock Analysis page.