Incap has repaid the share capital investment of Finnfund
(Thomson Reuters ONE) -
Incap Corporation
Stock Exchange Release 7 September 2015 at 9 am (EET)
INCAP HAS REPAID THE SHARE CAPITAL INVESTMENT OF FINNFUND
Incap has repaid the share capital investment of EUR 1.9 million, which Finnfund
made in the Indian subsidiary of Incap in 2009. After this, Finnfund no longer
holds its previous 22.5-% share of Incap Contract Manufacturing Services Pvt.
Ltd.
Based on the conditions of the contract the share capital investment has been
considered as non-current debt in the consolidated financial statements of Incap
in compliance with IFRS.
The payback of the share capital investment was realised by reducing the share
capital of the Indian subsidiary and financed partly by the accumulated profit
of the subsidiary and partly by local financing. The transaction has no effect
on business operations of Incap.
INCAP CORPORATION
Further information:
Ville Vuori, President and CEO, tel. +358 400 369 438
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
The company's home page www.incapcorp.com
INCAP IN BRIEF
Incap Corporation is an international contract manufacturer whose comprehensive
services cover the entire life-cycle of electromechanical products from design
and sourcing to actual manufacture and further to maintenance services. Incap's
customers are leading suppliers of high-technology equipment in their own
business segments, and Incap increases their competitiveness as a strategic
partner. Incap has operations in Finland, Estonia, India and China. The company
currently employs approximately 400 people. Incap's share is listed on the
NASDAQ OMX Helsinki Ltd. since 1997. Additional information: www.incapcorp.com.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Incap Oyj via GlobeNewswire
[HUG#1949822]
Unternehmensinformation / Kurzprofil:
Datum: 07.09.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 418273
Anzahl Zeichen: 2459
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Incap has repaid the share capital investment of Finnfund"
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