READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES ITS MOVING OF HEADQUARTERS TO SINGAPORE
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that the Company will move its corporate headquarters to Singapore. The relocation is a strategic move that represents the Company’s commitment to expanding its global footprint, further investing in the Asia markets, and enhancing its technology standards.
Singapore has emerged as the Next Silicon Valley in Asia. In 2022, it is ranked the top data center market in Asia Pacific, and ties with Silicon Valley for second place globally.* Singapore is widely recognized as a center of excellence in many I.T. sectors, which include cloud infrastructure, artificial intelligence, immersive media and augmented reality, blockchain architectures and cyber-security, etc. The Smart Nation initiative backed by the Government of Singapore sets the stage for digitization across policy processes and urban environments, and the nation is poised for further explosive growth as cloud adoption and digital requirements continue to increase. RHCO will tap into this dynamic environment as it continues to develop its Fintech, Online Payment and E-commerce businesses.
In 1997, RHCO established its head office in Hong Kong. The headquarters was relocated to Europe in 2004 and moved back to Hong Kong in 2020. Yet after the Pandemic broke out, the Chinese territory’s zero Covid strategy has set up strict international travel restrictions which made it difficult for the headquarters to operate. According to a draft report by the European Chamber of Commerce in Hong Kong, the zero-tolerance approach to Covid-19 could keep Hong Kong cut off from most of the world until 2024. This circumstance has forced RHCO to review its operations and weight in other options. However, RHCO’s Hong Kong office will remain in operation as it continues to be the basecamp of OkeApp, the Company’s discount referral app.
In an earlier announcement, RHCO also announced an expansion of opening another office location in the Netherlands. Currently, RHCO has several offices in Amsterdam (Netherlands), Auckland (New Zealand) and Hong Kong (China).
Richard Klitsie, CEO of RHCO stated, “As RHCO continues to expand, we eye Singapore as our new global headquarters to tap into the island-state's excellent infrastructure, support of digitally focused projects and critical agencies, along with its unrivaled global connectivity. Singapore's vibrant ecosystem, stability, and highly skilled tech talent pool align with our goals and values as we navigate our rapid growth trajectory across Asia and global markets."
* Cushman & Wakefield, 2022 Global Data Center Market Comparison.
Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
OkePay: www.okepay.biz
OkePay VPOS: www.okepay.biz/vpos
OkeApp: www.okepartners.com
OkToken: oktoken.biz
Readies: www.readies.biz
Neckermann: www.neckermanndirect.eu
Two Percent: www.twopercent.hk
Fligro: www.fligrofood.com
RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.
For further information please contact RHCO at info@readenholdingcorp.com
or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
Contact
Readen Holding Corp.
info@readenholdingcorp.com
+852 3950 5911
Readen Group, RHCO announcement