Transcu unveils 100% owned unit Ellebeau

Capital is 2 shares at S$1/share.

According to a release, the Board of Directors of Transcu Group Limited announced that the Company has incorporated Ellebeau Group, a wholly-owned subsidiary in Singapore.

It has issued and paid-up capital of 2 shares at S$1 per share. Its principal acitivity will be distribution of cosmetic products and devices, health enhancement devices.

Mr. Lawrence Komo, the Chief Executive Director of the Company, and Mr. Yoshitake Awa, the Business Development Manager under Transcu Ltd, are the appointed Directors of Ellebeau Group Pte. Ltd.

The above transaction was funded through internal resources and is not expected to have any significant impact on the consolidated net tangible assets and earnings per share of the Group for the current financial year ending 31 March 2013.

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