Fragrance sets up UK unit
Add BT as a preferred source
Michelle Quah
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
