Fujix International Co., Ltd. announced that it expects to receive THB 70 million in funding from Fujix Ltd., I.C.C. International Public Company Limited, and other investors.
July 18, 2013 at 09:30 am IST
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Fujix International Co., Ltd. announced a private placement of 70,000 shares at THB 1,000 per share for gross proceeds of THB 70,000,000 on July 18, 2013. The round will include participation from existing investors I.C.C. International Public Company Limited, Fujix Ltd. and other investors. I.C.C. International Public Company Limited will subscribe to 1,700 shares for gross proceeds of THB 1,700,000. Fujix Ltd. will increase its stake in the company from 49% to 70%. I.C.C. International Public Company Limited will hold a 5% stake in the company upon completion and now holds 11% stake in the company. As a result of the transaction, the registered capital of the company will increase from THB 30,000,000 to THB 100,000,000. The payment date for the transaction is August 9, 2013. The transaction has been approved in board of directors' meeting of Fujix Ltd. and at the executive board of director meeting of I.C.C. International Public Company Limited. The company reported total revenues of THB 7,468,000, net assets of THB 16,197,000, total assets of THB 24,147,000, operating loss of THB 10,745,000, and net loss of THB 10,536,000 for the year ended December 2012.
On August 9, 2013, the company announced that the payment date is now August 19, 2013.
I.C.C. International Public Company Limited is a Thailand-based company engaged in the distribution of consumer products. The Companyâs segments include cosmetics toiletries & perfumeries, womenâs apparel, menâs apparel, and household products. Its products include cosmetics and perfumery, hair and skin care products, a full line of textiles and apparel, including underwear, outerwear, sportswear, apparel for physical exercise, fabric care and leather goods, among others. The Company also conducts wholesale business through shops and department stores both in domestic and international markets. The Company is the distributor of lingerie products for four brands, namely Wacoal, BSC, Elle and Kullastri. Each of these brands has different target groups of customers. It is the distributor of menâs wear under brands, such as Lacoste, Arrow, Excellency, Daks, Guy Laroche, Elle Homme, Getaway, BSC Cool Metropolis, Hornbill, Le Coq Sportif, Maximus, and Felix Buhler.
Fujix International Co., Ltd. announced that it expects to receive THB 70 million in funding from Fujix Ltd., I.C.C. International Public Company Limited, and other investors.
I.C.C. INTERNATIONAL 
