Home / Knowledge / News / Apparel/Garments / Fast Casualwear to more than double share capital
Fast Casualwear to more than double share capital
13
Feb '14
The Management Board of FAST Casualwear, a manufacturer of casual footwear and apparel in China, decided with the approval of the Supervisory Board to carry out a capital increase against cash using the authorized capital to issue 500,000 new shares at a price of EUR 1.68 per share. 
 
As a result, the share capital will increase by EUR 500,000.00 to EUR 12,700,000.00. The capital increase will be carried out excluding the right of subscription of the shareholders and subscribed solely by an unrelated individual investor. The new shares shall carry dividend rights for the financial year 2013.
 
The gross proceeds of the capital increase amounting EUR 840,000 are to be used to support the overall working capital and further growth of the company. Apart from this, the transaction shall broaden the company’s shareholder base.
 

FAST AG

Must ReadView All

Courtesy: Mitsubishi chemical

Textiles | On 29th Jul 2016

Mitsubishi Chemical to offload PTA units in China, India

Japanese petrochemicals major Mitsubishi Chemical Holdings has...

Apparel/Garments | On 29th Jul 2016

Sales soar 28% at protective gear maker Under Armour in Q2

With net revenues of $1.0 billion in the second quarter ended June...

Textiles | On 29th Jul 2016

Fulgar launches new fibre Q-Nova Melange Recycled

Italian company Fulgar has launched Q-Nova Melange Recycled, a fibre...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

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

Judy Frater
Somaiya Kala Vidya

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
June 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search