The establishment of ESG Chemicals Sdn Bhd as a wholly-owned subsidiary of ESGL Holdings Limited is a strategic move to expand the company's market presence in the ASEAN region. This expansion is likely to be viewed positively by investors as it aims to improve cost efficiency through savings and favorable exchange rates, which could lead to an increase in shareholder value. The focus on environmental sustainability and corporate responsibility may also enhance the company's brand and reputation, potentially attracting more investors and customers.