[ET Net News Agency, 5 January 2018] FIH Mobile (02038) said it decided to make a
capital injection in Rising Stars Mobile India Private Limited in an aggregate amount of
US$99.9 million for various purposes including business expansion and additional working
capital.
Rising Stars is a direct subsidiary of Wonderful Stars Pte. Ltd. in India, the latter is
an indirect wholly-owned subsidiary of FIH.
Upon completion, the total issued share capital of Rising Stars would be increased to
about US$204.5 million, 99.95% of which would be held by Wonderful Stars whereas the
remaining 0.05% of which would be held by Aptech Electronics Pte. Ltd., another indirect
wholly-owned subsidiary of FIH.
The principal activities of Rising Stars are the manufacture of mobile phones,
telecommunication devices and electronic products, together with the related software
licensing and programming. (HL)