News blog

Bagir Group Ltd

  • BY: Andrew Hore |
  • POSTED: 04/01/2018 |

Menswear manufacturer Bagir Group Ltd says that its new investor says that it has transferred the initial deposit of $1.65m. 

Textiles manufacturer Shandong Ruyi Technology Ltd intends to invest $16.5m to take a 54% stake, or 51% on a fully diluted basis. The deposit was originally expected before the end of 2017 and Bagir says that it will inform the market when it can confirm it has received the cash. 

The current share price is 2.85p. The proposed share issue is at 3.5p a share.

Bagir, which has consistently disappointed the market, believes the partnership with the Chinese textiles manufacturer, which also has retail interests.

© 2018 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Symphony Environmental Technologies

Symphony Environmental Technologies increased it 2017 revenues by more than one-fifth and more than tripled profit. 

Continue reading... | 18/03/2018

SerVision

SerVision says it is likely to offload its subsidiaries and become a shell.

Continue reading... | 18/03/2018

Quoted Micro 12 March 2018

Continue reading... | 18/03/2018

Defenx

Continue reading... | 18/03/2018

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds