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Dishwashing deal boosts GS Hldgs stock

Shares, which didn't make much headway since listing in January, hit S$0.40, up 38% from end-May's S$0.29

Published Mon, Jun 20, 2016 · 09:50 PM

Singapore

GS Holdings' stock price jumped by nearly 38 per cent since end-May, after winning a dishwashing contract from Suntec Singapore Convention & Exhibition Centre (Suntec) in the second half of May.

The stock price of the centralised commercial dishware washing company increased from S$0.29 on May 31 to S$0.40 on Monday, following the award of the S$1.2 million two-year contract to provide Suntec with on-site dishwashing services, night kitchen cleaning and wet waste management services.

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