2/2017 - Registration of subsidiary Rawlplug Singapore PTE. LTD. based in Singapore
In reference to current report 23/2016 of 6 December 2016, the Management Board of Rawlplug S.A. announces that today, 9 January 2017, it received information on the registration on 6 January 2017 of subsidiary Rawlplug Singapore PTE. LTD., based in Singapore, (“Subsidiary”) by the Accounting and Corporate Regulatory Authority (ACRA). The Subsidiary’s share capital amounts to SGD 350 thousand (Singapore Dollar, i.e. PLN 1 017 thousand), 100% of which was taken up by Rawlplug S.A.
The object of the Subsidiary is the sale of fixing tools and systems for the construction industry.
The formation of subsidiary Rawlplug Singapore PTE.LTD., based in Singapore, is in line with RAWLPLUG Group’s strategic objectives consisting of reinforcing its foreign companies’ position and undertaking efforts aimed at entering new markets, focusing also on markets outside of Europe. The Group is currently expanding its market presence in Europe, the Middle East, Australia, Asia and Africa.