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F J Benjamin Secures Distribution Rights for Marc Jacobs in Singapore, Malaysia, and Indonesia
Highlights :
* F J Benjamin to open four Marc Jacobs stores for fashion and accessories in the next two years
* The stores will carry the full world of Marc Jacobs' women’s ready-to-wear, shoes, jewelry, bags and accessories.
* Marc Jacobs will strengthen FJB’s brand portfolio
About Marc Jacobs
Marc Jacobs is widely considered to be one of the most influential American designers of his generation, best known for reinventing classic and retro looks into bold and innovative designs and successfully incorporating street style into high-end fashion. A fashion prodigy who started his own label in 1986 at age 23, he became the youngest designer to have ever won the Perry Ellis Award for New Talent by the Council of Fashion Designers of America.
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F J Benjamin Rights and Warrants Issue Oversubscribed by 48.6%
Singapore, 5 April 2018 – F J Benjamin Holdings today announced that its rights cum warrants issue exercise to raise up to $39 million for working capital and expansion has been oversubscribed by 48.6%.
At the close of the issue on 29 March 2018, total valid acceptances and valid excess applications received were 506,956,007 rights shares with warrants, or about 148.6% of the 341,225,914 rights shares with warrants available for subscription.
More details in :
1.
http://infopub.sgx.com/FileOpen/FJB%20-%...eID=496279
2.
http://infopub.sgx.com/FileOpen/Media%20...eID=496280
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F J Benjamin Entered Into an Exclusive Distribution Agreement with Baume & Mercier
F J Benjamin Holdings Ltd is pleased to announce that its Subsidiary Company, F J Benjamin (M) Sdn Bhd has entered into an exclusive Distribution Agreement with Baume & Mercier, Branch of Richemont International SA, Switzerland to distribute Baume & Mercier watches in Singapore and Malaysia with effect from 1 April 2019. The duration of the Agreement is for three years with prospects of extension for an additional two years based on meeting certain commitments.
The Baume & Mercier brand was founded in 1830 in the Swiss Jura area, and the brand was awarded the Geneva Seal, the highest international distinction of the time for watch making excellence.
Baume & Mercier watches have a long history specializing in luxury dress watches which are distributed in over 100 countries today. The Company plans to further develop the presence of the brand in Singapore and Malaysia.
More details in :
1.
https://links.sgx.com/FileOpen/F%20J%20B...eID=549166
2.
https://links.sgx.com/FileOpen/Media%20R...eID=549167
Specuvestor: Asset - Business - Structure.
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Extension of Time to Meet Watch-List Exit Requirements
The Company has 36 months (the "Cure Period") to meet the requirements for removal from the Watch-List (i.e. by 4 December 2019) pursuant to Rule 1314(1) of the Listing Manual (the "Financial Exit Criteria"). In the event that the Company is unable to meet the Financial Exit Criteria within the Cure Period, pursuant to Rule 1315 of the Listing Manual, the SGX-ST may either delist the Company or suspend the trading of the Company’s shares with a view to delisting the Company.
The Company is pleased to announce that the SGX-ST has on 20 June 2019 approved the Extension Application and extended the Cure Period for a period of 12 months, ending 4 December 2020.
More details in
https://links.sgx.com/FileOpen/FJ%20Benj...eID=564155
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Far East's Ng is substantial shareholder of F J Benjamin following warrants coversion
The Edge Singapore Published on Wed, Apr 07, 2021 / 6:03 PM GMT+8 / Updated 0 minutes ago
Far East Organization’s Philip Ng has emerged as a substantial shareholder of retailer F J Benjamin Holdings, following conversion of warrants into shares.
Ng via his vehicles, now hold 79.1 million F J Benjamin shares, equivalent to a stake of 7.46%. This was up from 4.44% previously.
According to an F J Benjamin filing, Ng on April 1 converted 33.6 million warrants to shares at 4 cents each, costing him $1,346,400.
F J Benjamin closed on April 7 at 3.8 cents.
Besides Ng, another billionaire, former remisier king Peter Lim recently converted his warrants to F J Benjamin shares as well, at the same price of 4 cents.
More details in
https://www.theedgesingapore.com/news/in...-coversion
Specuvestor: Asset - Business - Structure.