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11 Jul 2022

Readen Holding Corporation (OTC Pink: RHCO) Announces Fligro's New Distributorship of Tax-Free Products to Asian Market

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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 Fligro Limited, an international food trading company fully owned by RHCO, has signed a distribution contract with The Netherlands Supply Company NV and obtained the distributorship of numerous tax-free products to the Asian market.

Fligro Limited (www.fligrofood.com) has been an established international fresh food trading company since 1953. It is now based at The Netherlands and has subsidiaries in Hong Kong and New Zealand. With a truly worldwide perspective, Fligro sources products in the main production areas of Europe, North & South America, and the Far East. It serves a worldwide network of more than 90 markets, providing main products such as poultry, pork, beef, fish and dairy. With the signed contract, Fligro will add liquors, spirits and beverages to its line of products, and distribution will start in the 4th quarter of this year.

The Netherlands Supply Company NV (www.nsc-nv.com) is a worldwide duty- and tax-free supplies company, established in 1948 and is now based in Rotterdam, The Netherlands. NSC supplies a full range of products to all over the world. The distribution contract between two parties have granted RHCO the distributorship of selected tax-free products to Asia, such as liquors and spirits with hundreds of well-known brands. Fligro sees this as an opportunity to expand its B2B operations with more products to offer, especially to China and other regions in Asia with competitive price and low delivery cost.

Richard Klitsie, CEO of RHCO stated, “Fligro has a long successful history in fresh food trading and has been contributing stable revenues to RHCO. This new distribution contract will expand the business of Fligro into more areas with high potential revenues. Due to Covid-19 the supply chain has been a big issue to many markets, but we see this period as a good opportunity to start bringing more European products to Asia, and we believe this strategy will be fruitful in mid and long term.”