Incorporation of Indirect Wholly Owned Subsidiary

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

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: [phone] Tel: [phone]
Strand Hanson Limited (Nominated Adviser and Broker)	www.strandhanson.co.uk
James Harris / Richard Tulloch / Jack Botros	Tel: [phone]
Vigo Communications (Media & Investor Relations)	www.vigocomms.com
Jeremy Garcia / Charlie Neish	Tel: [phone]
[e-mail]

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 .

 

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