Home / Knowledge / News / Apparel/Garments / FAST Casualwear carries out 1.1mn euro capital increase
FAST Casualwear carries out 1.1mn euro capital increase
31
Dec '13
FAST Casualwear successfully carried out a capital increase for cash by 880,000 Euros to 12,200,000 Euros issued by 880,000 new shares at a price of 1.25 Euros by using the authorized capital.

The capital increase was carried out excluding the right of subscription of the shareholders and subscribed solely by the major shareholder Mr. Wing Chi Chong. The new shares shall carry dividend rights for the financial year 2012.

"The gross proceeds amounting 1,1 million Euros will strengthen our equity ratio and give us an even better basis to expand our position in the Chinese fashion market. We want to expand the distribution network and strengthen the product development of the own brand FAST", says Chong, CEO of the company.

About FAST Casualwear

FAST Casualwear AG is the German holding company of FAST Group, a Chinese group of companies engaged in the design, production and sale of casualwear, consisting of footwear and apparel including accessories.

It mainly designs and produces casualwear under its own brand name “FAST”, targeting consumers aged between 16 and 35 primarily in the lower tier cities in China.

FAST Casualwear


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Wendell Rodricks
Wendell Rodricks

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

news category


Related Categories:
June 2017

June 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