Asia Enterprises Completes Acquisition of Minority Stake in GKE Metal Logistics

MT Newswires

2025/05/02

Asia Enterprises (SGX:A55) completed the acquisition of a 28.64% stake in GKE Metal Logistics, according to a Thursday filing with the Singapore Exchange.

The company has allotted and issued 28,400,000 shares at an issue price of SG$0.312 per share to the seller as consideration for the deal.

In an earlier filing, the company had agreed to acquire 385,000 shares in GKE Metal Logistics from Hung Ling Holding for SG$8.9 million.

GKE Metal provides storage, freight forwarding, warehousing, packing, removal and delivery services.

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