Home / Knowledge / News / Apparel/Garments / Fast Retailing increases capital at its Singapore regional subsidiary
Fast Retailing increases capital at its Singapore regional subsidiary
24
Nov '11
At its executive board meeting held on November 24, 2011, Fast Retailing Co., Ltd. decided to increase capital at its consolidated regional subsidiary FAST RETAILING (SINGAPORE) PTE. LTD. The details of the capital injection are listed below:

1. Purpose of capital increase
As the company overseeing Southeast Asian operations, FAST RETAILING (SINGAPORE) PTE. LTD. (a subsidiary of Fast Retailing Co., Ltd.) is tasked with improving overall operational efficiency and improving business performance in the region. We decided to increase capital of FAST RETAILING(SINGAPORE)PTE. LTD. at this time because it is starting to see more opportunities for growth of the business.

This capital increase will be used to acquire stock in the three affiliates operating in the Southeast Asian Region; UNIQLO (SINGAPORE) PTE.LTD., UNIQLO (MALAYSIA) SDN BHD, and UNIQLO (THAILAND) COMPANY LIMITED. In addition, the provisionally-named FAST RETAILING PHILIPPINES, INC. is expected to be jointly owned by FAST RETAILING (SINGAPORE) PTE. LTD. and SM Retail of the Philippines.

2. Overview of FAST RETAILING(SINGAPORE)PTE. LTD.
(1) Company name: FAST RETAILING(SINGAPORE)PTE. LTD.
(2) Location: 107 Tampines Road, Wing Tai Building, Singapore 535129
(3) Representative: Naoki Otoma
(4) Paid-in capital: 1 Singapore dollar
(5) Investment stake: Fast Retailing Co., Ltd. 100%
(6) Type of operation: The management of subsidiaries operating mainly in Southeast Asia

3. Details of capital injection
(1) Amount : Approximately 32mln Singapore dollars (equivalent to \2bln)
(2) Investment stake following the capital injection: Fast Retailing Co., Ltd. 100%
(3) Completion date : Scheduled for end November 2011

4. Impact on overall business performance
This capital injection will have no impact on the FR Group's consolidated business performance for the fiscal year ending August 2012.

Fast Retailing Co Ltd

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search