Aegis Logistics Ltd Incorporates Step-Down Subsidiary in Singapore

Aegis Logistics Ltd has announced the incorporation of a new step-down subsidiary, Aegis Logistics International Pte Ltd, in Singapore. This new entity is a wholly owned subsidiary of Eastern India LPG Company Private Limited, which is itself a wholly owned subsidiary of Aegis Logistics Ltd. The Singapore-based subsidiary has an initial share capital of 1 USD and is intended to engage in storage, terminaling, and associated logistics activities, as well as investments in companies within this sector. As the company is newly incorporated, its turnover is not yet applicable, and it has not yet commenced operations. The incorporation is not considered a related party transaction and does not require specific governmental or regulatory approvals at this stage.