Pearl Global Industries Announces Subsidiary Incorporation in Singapore
Pearl Global Industries Limited (PGIL) announced the incorporation of a new subsidiary, Pearl Global Fashion Singapore Pte Limited, in Singapore, effective March 27, 2026. The new entity is a step-down subsidiary of PGIL, held through Pearl Global (HK) Limited, a wholly-owned subsidiary of PGIL.The subsidiary will operate as a trading company focusing on apparel and serving clients in Asia, Japan, Europe, and the United States. Pearl Global Fashion Singapore Pte Limited was approved by the Accounting and Corporate Regulatory Authority (ACRA) in Singapore.
The initial investment in the subsidiary consists of one share valued at 1 USD. PGIL now holds 100% of the paid-up share capital of Pearl Global Fashion Singapore Pte Limited.
Subsidiary Details
| Particulars | Details |
|---|---|
| Name and Incorporation Date | Pearl Global Fashion Singapore Pte Limited, March 27, 2026 |
| Country of Incorporation | Singapore |
| Holding Company Relation | Step-down Subsidiary |
| Industry | Apparels |
| Business | Trading company catering to Asia/Japan/Europe/US clients |
| Approval | Approved by Accounting and Corporate Regulatory Authority (ACRA), Singapore |
| Consideration | Cash consideration |
| Share Subscription Cost | 1 Equity Share of 1 USD |
| Shareholding | 100% held by Pearl Global (HK) Limited |
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