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GDS Global Secures Defense, Safety Contracts in Philippines, Malaysia; Shares Up 3%

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GDS Global (SGX:5VP) secured contract sales of storm shutters and blast-mitigating shutters in the Philippines and Malaysia, according to a Wednesday filing with the Singapore Exchange.

Shares of the industrial and commercial shutter doors manufacturer and provider were up over 3% in Thursday trading.

The contract includes the sale of storm shutters to the Philippines which are designed to withstand severe storms.

Meanwhile, the company also secured sales of its blast mitigating shutters that are designed and developed to prevent component failure during blast events.

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