SINGAPORE, July 09, 2024 (GLOBE NEWSWIRE) -- 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
