Welcome to our dedicated page for Rectitude Holdings Ordinary Shares news (Ticker: RECT), a resource for investors and traders seeking the latest updates and insights on Rectitude Holdings Ordinary Shares stock.
Rectitude Holdings Ltd (symbol: RECT) is a leading provider of safety equipment, dedicated to ensuring the well-being of individuals across various sectors. The company specializes in the supply of essential items such as personal protective clothing, hand gloves, safety footwear, and personal fall arrest systems. These systems are critical for preventing injuries from falls, comprising a body harness, anchorage, and connector.
In addition to personal protective equipment, Rectitude Holdings Ltd also offers a range of portable fire extinguishers. These devices are vital for immediate response to fire outbreaks, helping to safeguard lives and property.
Furthermore, the company's product portfolio includes traffic safety products like rubber speed humps, wheel stops, and wheel chocks. These items are designed to enhance road safety and are widely used in various environments to manage traffic and ensure vehicular safety.
Rectitude Holdings Ltd has recently achieved significant milestones, reflecting its commitment to quality and innovation in safety solutions. The company continues to develop new projects and products, catering to the evolving needs of its clients.
Financially, Rectitude Holdings Ltd maintains a stable condition, backed by strong partnerships and a robust product line. The company's consistent performance has made it a trusted name in the safety equipment industry.
For the latest updates and relevant information about Rectitude Holdings Ltd, including performance, events, and developments, follow the most recent news and investor communications.
Rectitude Holdings , a Singapore-based safety equipment provider, announced its financial results for the fiscal year ended March 31, 2024. Key highlights include:
- Revenue increased 9.86% to S$41.35 million
- Gross profit margin improved to 35.57%, up 332 basis points
- Net income was $2.49 million or $0.20 per diluted share
- Adjusted EBITDA increased to S$6.37 million from S$6.15 million
The company's growth was driven by stronger customer demand for safety equipment due to increased construction activity. Rectitude completed a successful IPO and Nasdaq listing, with plans to invest the raised capital for long-term growth and operational efficiencies.
Rectitude Holdings, a Singapore-based provider of safety equipment and industrial products, marked the successful completion of its Initial Public Offering (IPO) with a Nasdaq Bell Ringing Ceremony on July 11, 2024, at Capella Singapore. The ceremony was attended by key figures including Nasdaq's Hiren Krishnani. Rectitude, now trading under the ticker 'RECT', began its Nasdaq journey on June 21, 2024. CEO Jian Zhang highlighted the significance of this achievement, attributing it to the dedication of the entire team. He also expressed optimism about the company's future, aiming to deliver long-term shareholder value and strengthen its market position in Southeast Asia. A replay of the ceremony is available on Rectitude's website.
Rectitude, a Singapore-based provider of safety equipment and industrial products, has opened a new strategic branch at 498 and 500 Geylang Road, Singapore. This expansion aims to enhance local presence and product accessibility, solidifying Rectitude's position as a leading provider in the region. The new branch, covering 300 square meters, is strategically located 15 minutes from the Central Business District, ensuring easy access and expedited delivery. The initiative aligns with Rectitude's long-term strategy to expand across Singapore, led by Mr. Lim Vui Fung and Mr. Huang Dong.
Rectitude Holdings , based in Singapore, has successfully closed its initial public offering (IPO), raising $8 million through the sale of 2,000,000 ordinary shares at $4.00 per share. Additionally, the underwriter, A.G.P./Alliance Global Partners, has a 45-day option to purchase up to 300,000 extra shares to cover over-allotments. Rectitude's shares began trading on Nasdaq under the symbol 'RECT' on June 21, 2024. The company plans to use the IPO proceeds for marketing, product development, digital transformation, system upgrades, and general corporate purposes. The offering was managed by A.G.P./Alliance Global Partners, with Ortoli Rosenstadt LLP and The Crone Law Group P.C. acting as U.S. counsels.
Rectitude Holdings , a Singapore-based safety equipment provider, announced the pricing of its initial public offering (IPO) of 2,000,000 ordinary shares at $4.00 per share, totaling $8,000,000 in gross proceeds. The shares are approved for listing on the Nasdaq Capital Market under the ticker symbol 'RECT' and will start trading on June 21, 2024. A.G.P./Alliance Global Partners is the underwriter with a 45-day option to purchase an additional 300,000 shares. The offering is expected to close on June 24, 2024, subject to customary conditions. Funds will be used for marketing, product development, digital upgrades, working capital, and general purposes.
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