GDS Global Bags SG$12 Million in New Singapore Contracts; Shares Up 4%
MT Newswires10-15
GDS Global (SGX:5VP) has secured new contracts worth SG$12.1 million in Singapore, according to a Thursday filing to the Singapore stock exchange.
The new contracts are double the value of SG$6 million wins announced in July, the commercial and industrial door and shutter solutions provider said.
The orders are spread across sectors including Singapore's public and private housing, healthcare facilities, public infrastructure, and automated smart logistics facilities, among others.
The projects are expected to be completed in the next one to three years.
GDS's shares were up 4% in recent trade.
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