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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.