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Rectitude Holdings Ltd ( (RECT) ) has issued an announcement.
Rectitude Holdings Ltd, through its subsidiary Rectitude Pte Ltd, has made a strategic move to expand its operations in Singapore by entering into a sale and purchase agreement on January 2, 2025, with SB (TND) Investment Pte Ltd. The agreement involves acquiring a factory unit located in Tampines, Singapore, for S$1,311,000. This acquisition is a strategic part of Rectitude’s plan to bolster its presence in the region, potentially enhancing its market positioning and operational capacity.
More about Rectitude Holdings Ltd
YTD Price Performance: -23.05%
Average Trading Volume: 18,876
Technical Sentiment Consensus Rating: Strong Sell
For a thorough assessment of RECT stock, go to TipRanks’ Stock Analysis page.