You are here

Fragrance sets up UK unit

Tuesday, December 13, 2016 - 18:21

MAINBOARD-LISTED Fragrance Group said on Tuesday that it has incorporated a wholly owned subsidiary, Fragrance Great Britain Pte Ltd.

It added that the unit is principally an investment holding company, and has an initial paid-up capital of £5 million (S$9.06 million).

According to the group, the setting-up of Fragrance Great Britain is not expected to have any material impact on the group's net tangible assets or earnings per share.

Fragrance shares closed 0.5 cents higher at $0.156 apiece at the end of trade on Tuesday.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom