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Share Name Share Symbol Market Type Share ISIN Share Description
Global Invacom Group Limited LSE:GINV London Ordinary Share SG2E91982768 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 6.00 5.00 7.00 6.00 6.00 6.00 8,125 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 101.4 -9.5 0.0 - 15

Global Invacom Group Limited Incorporation of Indirect Wholly Owned Subsidiary

14/08/2020 10:37am

UK Regulatory (RNS & others)


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RNS Number : 1768W

Global Invacom Group Limited

14 August 2020

14 August 2020

Global Invacom Group Limited

("Global Invacom", the "Company" or the "Group")

Incorporation of an Indirect Wholly Owned Subsidiary

Global Invacom (SGX: QS9) (AIM: GINV), the global provider of satellite communications equipment and electronics, announces that, through its wholly owned subsidiary, Global Invacom Manufacturing Pte. Ltd., incorporated the following indirect wholly owned subsidiary in China:

 
 Name of Subsidiary   Registered   Place of Incorporation     Principal Activities 
                        Capital 
   Global Invacom     US$300,000     People's Republic      Provision of supply chain 
   (Shanghai) Co.,                   of China, Shanghai              services 
        Ltd. 
                     -----------  -----------------------  -------------------------- 
 

The incorporation of the above-mentioned subsidiary was funded through internal resources and is not expected to have any material impact on the net tangible assets and earnings per share of the Group for the financial year ending 31 December 2020.

Save for their shareholdings in the Company, none of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the incorporation of the subsidiary, other than through their respective shareholdings in the Company.

For further information, please contact:

 
 Global Invacom Group Limited                       w ww.globalinvacom.com 
 Matthew Garner, Chief Financial Officer            Tel: +65 6431 0782 
                                                     Tel: +44 20 3053 
                                                     3523 
 
 Strand Hanson Limited (Nominated Adviser           www.strandhanson.co.uk 
  and Broker) 
 James Harris / Richard Tulloch / Jack Botros       Tel: +44 20 7409 
                                                     3494 
 
 Vigo Communications (Media & Investor Relations)   www.vigocomms.com 
 Jeremy Garcia / Charlie Neish                      Tel: +44 20 7390 
                                                     0238 
 ginv@vigocomms.com 
 

About Global Invacom Group Limited

Global Invacom is a fully integrated satellite equipment provider with sites across China, Singapore, Indonesia, Philippines, Malaysia, Israel, UK and the US. Its customers include satellite broadcasters such as BSkyB of the UK and Dish Network of the USA and Data over Satellite providers including Hughes Network Systems, Viasat and Gilat Satellite Networks.

Global Invacom provides a full range of satellite ground equipment including antennas, LNB receivers, transceivers, fibre distribution equipment, transmitters, switches and video distribution components, as well as manufacturing services in the military and medical industries. The Group is the world's only full -- service outdoor unit supplier.

Global Invacom is listed on the Mainboard of the Singapore Exchange Securities Trading Limited and its shares are admitted to trading on the AIM Market of the London Stock Exchange.

For more information, please refer to www.globalinvacom.com .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

August 14, 2020 05:37 ET (09:37 GMT)

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