Regal Global Logistics Signs Management Rights Agreement with FTL Group
• Regal International Group (“RIG”) marks its maiden foray into the logistics industry with the establishment of a wholly owned investment holding subsidiary, Regal Global Logistics Pte Ltd (“RGL”), stipulated to aid in tightening cost control, lower logistics volatility, maximize capital accumulations, heighten new demands and broaden customer base for the Group.
• RGL enters into Management Rights Agreement (“MRA”) with FTL Group Pte Ltd (“FTL”) to collaborate on the management and running of its business for 6 months, prior to RGL acquiring 51% shareholding of FTL Group.
• RIG explores collaboration with FTL to complement the Group’s vision to be a Halal Hub Industries park operator as logistics forms an integral part of a successful industrial park.
Signing of Management Rights Agreement at FTL Group Singapore office between (left) Mr Nelson Cho, Director of Regal Global Logistics Pte Ltd and (right) Mr Jarrod Lim, Managing Director of FTL Group Pte Ltd.
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