Red Star Express (REDSTAREX) Renames Freight Subsidiary
Red Star Express Plc filed a corporate action notice on November 3, 2026, informing the Nigerian Exchange Group (NGX: NGXGROUP) and the investing public that its board has approved a name change for one of its subsidiaries. The filing states that Red Star Freight Limited will be renamed Red Star Cargo Services Limited.
Red Star Express Plc (NGX: REDSTAREX) has notified the Nigerian Exchange Group, its shareholders, and the investing public that its Board of Directors has approved a name change for one of the company's subsidiaries. The subsidiary, formerly known as Red Star Freight Limited, will now operate as Red Star Cargo Services Limited.
The disclosure was filed on November 3, 2026, and signed by the company secretary, Frances Ndidi Akpomuka. According to the filing, the reason given for the name change is to enable the company to take advantage of emerging business opportunities.
The notice does not provide details on the specific business opportunities referenced, nor does it disclose any financial figures, revised revenue projections, or structural changes to the subsidiary beyond the renaming. No changes to the parent company, Red Star Express Plc, were announced in this filing.
The company secretary submitted the notice from Lagos, Nigeria.
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