Tarsons Products Ltd Completes Equity Investment in Singapore Subsidiary
Tarsons Products Ltd has completed an equity investment of EUR 300,000 in its wholly-owned subsidiary, Tarsons Life Science Pte. Ltd., incorporated in Singapore. This transaction is in continuation of an earlier intimation regarding a planned equity infusion of EUR 3,000,000 in the subsidiary.The Company subscribed to 100 equity shares during this investment, with a nominal value of EUR 3,000 per share. The funds raised through this investment are designated for quarterly repayment of the loan taken from the Bank in Singapore, interest payable thereon, and for general corporate purposes, as well as other operational and financial expenses.Details concerning the...