Regal Unveils New Logistics Foray

Regal International Investments Pte. Ltd. (“RII”), the wholly owned subsidiary of SGX mainboard listed Regal International Group Ltd. (“Regal” or together with its subsidiaries, the “Group”), announced the incorporation of a new wholly owned subsidiary, Regal Global Logistics Pte. Ltd. (“RGL”) in Singapore on 7 October 2016, as an indication of the Group’s intention to venture into the Logistics sector.

As part of the Group’s continuing efforts to establish strategic presence in Singapore, coupled with carefully planned diversification into complementary ventures of sustainable growth, Regal is confident that RGL will be the critical factor of success in the Group’s long term expansion plan.

The incorporation of RGL, an investment holding company designated to explore and develop the Group’s foray into global logistics industry, stems from the need to address 3 main corporate objectives:

1) To establish and provide logistics service at controlled and affordable pricing, for the sourcing and purchase of raw materials for property development from other parts of the world that offers higher quality, more competitive pricing and wider selections;

2) To offer logistics solutions for the import and export of Halal products from future Halal Industry Zone in China-Malaysia Qinzhou Industrial Park, in alignment with China’s “One Belt One Road” initiative;

3) To complement our vision to be a Halal hub Industries park operator as logistics is an integral part of a successful industrial park.

In conclusion, RGL is the Group’s new initiative to tighten cost control, lower logistics volatility and ultimately helps to maximize capital accumulations, in support of the overall corporate strategy to heighten new demands and broaden customer base runs in the foreground.