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F J Benjamin Holdings Ltd's Subsidiary Announces Incorporation Of Subsidiary In China

Thursday, 11 Jul 2013 05:12am EDT 

F J Benjamin Holdings Ltd announced the incorporation of a wholly foreign owned enterprise – Fashion Dynamics (Shenzhen) Co. Ltd. in the People’s Republic of China, by Fashion Dynamics HK Ltd (a wholly owned subsidiary of the Company). Fashion Dynamics (Shenzhen) Co. Ltd. will operate for a term of 20 years. The registered capital of the entity amounts to USD 50,000. Its principal activity is to carry on sourcing activities for the Group. The incorporation of the entity was funded through the Group’s internal resources and is not expected to have any material impact on the consolidated earnings per share or on the consolidated net tangible assets per share of the Company for the financial year ending June 30, 2014. 

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17 Apr 2015