ESGL Holdings establishes subsidiary ESG Chemicals

ESGL Holdings announces the establishment of its subsidiary, ESG Chemicals Sdn Bhd, a Malaysian trading company. This initiative is integral to ESGL‘s vision for a sustainable future and marks a significant step in the Company’s expansion into the ASEAN region. ESG Chemicals Sdn Bhd will operate as a wholly-owned subsidiary of ESGL Holdings Limited, expanding the Company’s geographic reach in advancing circular economy solutions beyond Singapore. ESG Chemicals Sdn Bhd’s primary focus will be trading and distributing circular products manufactured by ESGL. Quek Leng Chuang, Chairman and CEO of ESGL, emphasized the strategic importance of this expansion, stating, “The incorporation of ESG Chemicals Sdn Bhd aligns with our commitment to enhancing shareholder value. This move brings us closer to our circular product off-takers and strengthens our fiscal strategy. Shifting part of our inventory and warehousing operations to Malaysia presents tangible benefits, including cost savings and more favorable exchange rates, directly impacting our bottom line.”