GKE Corporation has appointed RHT Capital as the financial adviser to the company.
The business of the group is currently categorised in two broad areas: warehousing & logistics, and strategic investments.
Under the group’s strategic investments segment, infrastructural materials & services, which refers to the manufacturing and supply of environmentally friendly ready-mix concrete and building materials, is intended to be spun-off.
The group first announced on Oct 16 that it might conduct this spin-off.
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Shares in GKE Corporation closed 0.1 cent lower or 1.075% down at 9.2 cents on Dec 22.
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