Rectitude Announces Opening of New Strategic Branch in 498 and 500 Geylang Road, Singapore
July 09 2024 - 3:30PM
Rectitude Holdings Ltd (the “Company” or “Rectitude”), a
Singapore-based provider of safety equipment and related industrial
products, today announced the opening of a new branch at 498 and
500 Geylang Road, Singapore. This strategic expansion aims to
strengthen the Company’s local presence, improve accessibility to
products in high-demand categories, and solidify its position as a
leading provider of safety and industrial solutions in the region.
The new branch officially opened during the
Company’s recent initial public offering and has been ramping up
its operations since. The branch covers a total area of
approximately 300 square meters (3,200 square feet) and stocks
high-demand products that local businesses and institutions require
to ensure consistent facility uptime and enhanced worker
safety.
Located only 15 minutes from the Central
Business District, the Geylang branch is strategically located
close to key customer workplaces. It is also easily accessible via
Nicoll Highway and Geylang/Kallang Road, ensuring access from all
directions in Singapore and allowing expedited delivery
capabilities. Guaranteed availability of products in multiple
categories will make it easy and convenient for customers to get
the right solution when they need it.
“The opening of our new Geylang branch and its
strategic location selection aligns with Rectitude’s long-term
strategy of expanding our presence across Singapore to enhance our
accessibility and better serve our customers,” said Jian Zhang,
Chairman, Chief Executive Officer, and Executive Director at
Rectitude. “This branch will be led by Mr. Lim Vui Fung and Mr.
Huang Dong who are both exceptional leaders and will be focused on
continuing to grow our market share in Singapore. We believe this
new branch will help meet our growing business needs and
demonstrate our commitment to providing our customers with a
variety of safety equipment and related industrial products they
need in an extremely timely manner. As local businesses grow in
Singapore, they need suppliers like Rectitude that they can rely on
to provide them with a broad range of quality products when and
where needed.”
About Rectitude
Founded in 1997 in Singapore, Rectitude is
principally involved in the provision of safety equipment,
encompassing essential items such as personal protective clothing,
gloves, safety footwear, personal fall arrest systems, portable
fire extinguishers and traffic products. The Company also offers
auxiliary products such as industrial hardware tools and electrical
hardware required for construction sites. Rectitude’s products and
solutions are marketed to a wide array of distributor networks and
end markets, both in Singapore and increasingly throughout the
Southeast Asian region, including Brunei, Cambodia, Malaysia,
Indonesia, and Vietnam.
For more information, please visit the Company’s
website: https://ir.rectitude.com.sg
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements, including, but not limited to, the
Company's proposed Offering. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs, including the expectation that the Offering will be
successfully completed. Investors can identify these
forward-looking statements by words or phrases such as
“approximates,” “believes,” “hopes,” “expects,” “anticipates,”
“estimates,” “projects,” “intends,” “plans,” “will,” “would,”
“should,” “could,” “may” or other similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the U.S. Securities and Exchange Commission.
For investor and media inquiries, please
contact:
Rectitude Investor Relations Email: ir@rectitude.com.sg
Jackson Lin Lambert Global Phone: +1 (646) 717-4593 Email:
jlin@lambert.com
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