Home / Knowledge / News / Apparel/Garments / Fast Retailing increases capital at its Singapore regional subsidiary
Fast Retailing increases capital at its Singapore regional subsidiary
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) 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

Courtesy: Alibaba

Apparel/Garments | On 21st Feb 2017

Alibaba announces retail partnership with Bailian Group

Chinese e-commerce giant Alibaba Group has made another move in its...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Apparel/Garments | On 21st Feb 2017

Govt may free up retail FDI for domestic goods

Government may remove restrictions on retailers like Walmart and...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search