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 This material may not be published, broadcast, rewritten or redistributed.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

Quoted Micro 22 January 2018

AIM Journal has reached its century, and this edition includes PCF, Sumo and the blockchain boom, here.

Continue reading... | 22/01/2018

IXICO

Neuroscience-focused digital data analysis technology developer IXICO is increasing its revenues and this is cutting the reported loss.

Continue reading... | 22/01/2018

RTC Group

Staffing provider RTC Group says that trading is in line with expectations despite some exposure to Carillion.

Continue reading... | 22/01/2018

Distil

Spirits brands owner Distil says third quarter sales increased by 19%.

Continue reading... | 22/01/2018

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