Regal International Group formally opens first trading session

After acquisition by Hisaka Holdings.

Regal International Group will now be focused on property development in Malaysia. Specific focus will be in East Malaysia within the residential, commercial and industrial segments. Its projects are located primarily in Kuching and Kota Samarahan in Sarawak.

According to SGX, today formally marked the first trading session for Regal International Group that followed an 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. There were two Reverse Takeovers (RTOs) in the 2013 calendar year and Regal International Group, takes the number to six so far in the 2014 calendar year.

Previously Hisaka Holdings was one of more than 40 stocks designated to the GICS Electronic Equipment, Instruments & Components Sector, and more specifically, the manufacturing of electronic components.