ESGL Holdings Limited Expands Market Presence with Incorporation of ESG Chemicals Sdn Bhd in Malaysia

SINGAPORE, Jan. 11, 2024 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (NASDAQ: ESGL) (“ESGL” or the “Company”), a leading carbon-neutral, innovative enviro-tech company regenerating industrial waste into circular products, proudly 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. The Company is forming supply partnerships with strategic allies in Malaysia, developments that will be detailed in subsequent announcements.

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."

This incorporation underscores ESGL's dedication to environmental sustainability and corporate responsibility. By establishing a robust presence in Malaysia, ESGL aims to capture emerging opportunities in the ASEAN market and cultivate partnerships that drive positive environmental impact.

About ESGL Holdings Limited
ESGL Holdings Limited (“ESGL”) is a holding company incorporated as an exempted company under the laws of the Cayman Islands. At the forefront of driving sustainable waste management solutions, ESGL is dedicated to revolutionizing waste transformation, emphasizing innovative technology and a commitment to preserving the environment. ESGL conducts all its operations through its operating entity incorporated in Singapore, Environmental Solutions (Asia) Pte. Ltd. For more information, including the Company’s filings with the SEC, please visit https://esgl.asia.