Rectitude Holdings Ltd. Announces Acquisition of MR. BUTLER PTE. LTD. and Executes Business Migration Agreements with INOS and G & L
Key Highlights
- ➤Rectitude to acquire 100% of Mr. Butler for 800,000 new Class A shares
- ➤INOS and G & L migration agreements transfer customer contracts, intellectual property, and brand assets
- ➤INOS and G & L sellers receive 500,000 ordinary shares each at closing
- ➤All transaction shares carry one-year lock-up periods, aligning incoming operational teams
- ➤Mr. Butler acquisition expands Rectitude into household-goods repair and personal services
Expert Statements
Jian Zhang, Chairman, Chief Executive Officer, and Executive Director at Rectitude
“These agreements demonstrate the practical execution of our Rectitude Succession Bridge strategy”
Jian Zhang, Chairman, Chief Executive Officer, and Executive Director at Rectitude
“Over the past several months, we validated the financial and operational contributions of INOS and G & L within our ecosystem.”
Jian Zhang, Chairman, Chief Executive Officer, and Executive Director at Rectitude
“Moving to a formal business migration secures their customer bases, brand assets, and technical expertise.”
Jian Zhang, Chairman, Chief Executive Officer, and Executive Director at Rectitude
“Concurrently, acquiring Mr. Butler broadens our service capabilities in the region.”
Jian Zhang, Chairman, Chief Executive Officer, and Executive Director at Rectitude
“Funding these transactions through equity with standard lock-up periods ensures that the founders of these businesses remain aligned with our focus on disciplined, long-term growth.”
* Rectitude has signed a Share Purchase Agreement to acquire 100% of Mr. Butler, adding household goods repair and personal service activities to its product portfolio. * Following a successful collaboration period under the RSB framework, Rectitude is formally migrating the customer contracts and intellectual property of INOS and G & L into its operations. * The transactions are funded through the issuance of Rectitude ordinary shares, incorporating one-year lock-up periods to align the incoming operational teams with the Company’s long-term objectives. SINGAPORE, Nov. 02, 2026 (GLOBE NEWSWIRE) -- RECTITUDE HOLDINGS LTD (Nasdaq: RECT; the “Company” or “Rectitude”), a Singapore-based provider of safety equipment and related industrial products, today announced it has entered into definitive agreements to advance its Rectitude Succession Bridge (“RSB”) model and corporate expansion strategy. The Company executed a Share Purchase Agreement to acquire MR.BUTLER PTE. LTD. (“Mr. Butler”) and separate Business Migration Agreements to formally integrate the commercial operations of INOS Pte. Ltc. (“INOS”) and G & L Hardware Marketing Pte. Ltd. (“G & L”).
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