Singapore Exchange (SGX) today welcomed Regal International Group Limited (Regal International), formerly known as Hisaka Holdings Limited (Hisaka Holdings) , to Mainboard, under the stock code of "UV1".  

The listing follows the acquisition by Hisaka Holdings of the entire issued and paid-up share capital of Regal International for a consideration of S$127.3 million, satisfied fully by a cash payment of S$20 million and the issue and allotment of 130 million shares by Hisaka Holdings.  Upon completion of the RTO, the enlarged entity would have an estimated market capitalisation of about S$165 million. 

Regal International is a property developer in East Malaysia for the residential, commercial and industrial segments. Its projects are located primarily in Kuching and Kota Samarahan in Sarawak.

Su Chung Jye, Executive Chairman and Chief Executive Officer, Regal International, said, "This commemorates a strategic milestone of Regal International and we shall endeavour to benefit from the rising demand for quality commercial, industrial and residential properties in Malaysia. Capitalising on our strong brand presence in East Malaysia, and our Airtrollis project that started in 2013 in the Nilai region of Negeri Sembilan developing resort-style living apartments, we are working on having more projects in West Malaysia and hope to also branch out into international property development and projects in the future.

To ensure our sustainable growth, we are eyeing quality land parcels to propel new developments for the Group. Regal International has a very competitive business strategy where we see our customers as core to our business. In terms of marketing, we emphasise our reasonable pricing and quality residential, industrial and commercial development units. We shall also continue to expedite our project launches to help effectively reap the rewards of our property development efforts. To us, understanding what potential buyers would like to see, want, need, and budget in their future homes or property investment are critical for us to identify the nature and type of property development we should embark on."

Lawrence Wong, Head of Listings, SGX, said, "We are pleased to welcome Regal International to SGX. With its track record of developing residential and commercial properties and deep knowledge of the East Malaysian property sector, Regal International is well placed to grow its business in one of ASEAN most vibrant economies. We look forward to partnering the company in its growth ambitions."

The listing of Regal International brings the total number of SGX-listed companies in the real estate sector to 87, with a combined market capitalisation of S$131 billion.



distributed by