Corporate Rebranding Marks New Era of Engineering Excellence and Sustainable Solutions
SINGAPORE, April 25, 2025 — SAG Holdings Limited announced today its name change to INNEOVA Holdings Limited (“INNEOVA Holdings” or the “Company”), (Nasdaq: SAG; new trading symbol INEO). INNEOVA Holdings, based in Singapore, provides high-quality OEM, third-party branded, and in-house branded replacement parts for motor vehicles and non-vehicle combustion engines. The name change, a component of the Company’s comprehensive rebranding, received shareholder approval on March 31, 2025. The Company, which trades on the Nasdaq Capital Market, will change its symbol from SAG to INEO, effective April 28, 2025.
The Company is globally adopting the INNEOVA brand, which highlights its increased focus on engineering excellence and innovative solutions and is a critical element of the Company’s transformation strategy.
“This rebranding signifies a crucial point in our company’s growth,” stated Jimmy Neo, Chief Executive Officer of INNEOVA Holdings Limited. “The INNEOVA name embodies engineering excellence and innovation, values that are in perfect harmony with our strategic vision. By implementing this strong brand identity throughout our global operations, we are better positioned to serve our customers and seize new opportunities in sustainable engineering solutions.”
About INNEOVA Holdings
INNEOVA Holdings (formerly SAG Holdings Limited) is a prominent Singapore-based distributor focused on providing high-quality spare parts across various industries.
On-Highway Division: We offer a wide selection of genuine OEM and aftermarket parts for passenger vehicles, trucks, and buses. Our offerings include parts from manufacturer brands, reputable third-party brands, and our own in-house brands.
Off-Highway Division: Serving industries such as construction, marine, power generation, mining, and transportation, we deliver specialized spare parts with an emphasis on filtration systems, lubricants, batteries, and internal combustion engine components.
Our firm dedication to quality guarantees customers achieve maximum uptime, improved performance, and reduced total ownership costs throughout their machines’ lifecycles. For further details, please visit .
Safe Harbor Statement
This press release contains statements about future expectations, plans and prospects, and other statements regarding matters that are not historical facts, which may be considered “forward-looking statements” under The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements concerning the anticipated trading commencement and closing dates. Terms like “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are used to identify forward-looking statements; however, not all forward-looking statements include these words. Actual results may significantly differ from those indicated by these forward-looking statements due to several important factors, including uncertainties related to market conditions and the completion of the public offering on the expected terms or at all, as well as other factors detailed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. Any forward-looking statements in this press release are relevant only as of the date of this release, and SAG Holdings Limited specifically disclaims any obligation to update these statements, whether due to new information, future events, or other reasons, except as required by law.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email:
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