GKE Corporation has, on March 8, entered into a definitive sale and purchase agreement (SPA) with Hung King Holdings for the proposed sale of its 65% stake comprising 32,500 shares in Van Der Horst Logistics.

The SPA was signed by Hung King’s nominee, GKEML Singapore, which is unrelated to the group.

The announcement is related to the memorandum of understanding (MOU) that was signed between GKE Corporation and Hung King Holdings on Sept 9, 2020.

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