GDS Global Signs Distributorship Agreement for New Zealand Market; Shares Rise 6%

MT Newswires

02/10

GDS Global (SGX:5VP) agreed to appoint ARA Group NZ T/A Metalbilt as the exclusive distributor of its Gliderol products in New Zealand for two years, according to a Monday filing with the Singapore Exchange.

Shares of the provider of commercial and industrial door and shutter solutions were up over 6% in Tuesday trading.

Through Gliderol's range and engineering capabilities and ARA's market and distribution network, the company is looking to capitalize on growth opportunities in New Zealand.

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