GDS Holdings (HKG:9698) has entered the US market by appointing Blast Resource Group, LLC (BRG) as its exclusive distributor for Gliderol blast-mitigating roller shutters, according to a Monday filing on the Singapore Exchange.
This partnership addresses a gap in the US market, where similar explosion-resistant products are lacking. Shares of the company plunged 13% in recent trade.
Price (HKD): $19.42, Change: $-2.8, Percent Change: -12.52%