Information on Camsing Fuzhou Sample Clauses

Information on Camsing Fuzhou. Camsing Fuzhou is a company incorporated in Fuzhou, People’s Republic of China on 4 December 2017 with a registered capital of XXX 00 million and a paid-up capital of SGD 2 million. The paid-up capital of SGD 2 million was contributed by Nature’s Farm. Camsing Fuzhou is in the business of trading of medical supplies and medical instrument as well as the provision of relevant storage and logistics services. Camsing Fuzhou has since incorporation embarked on the initial stages of the business and operations only. Camsing Fuzhou was set up as a joint venture between Nature’s Farm and Fuzhou Zhongxing BaoKang Trading Co. Ltd (“Zhongxing Baokang”), the other shareholder holding 49% equity interest in Camsing Fuzhou, with the initial purpose of leveraging on each other’s strengths to venture into the distribution and trading of medical instruments and medical supplies and to provide logistic services to the healthcare industry in China. As at 31 July 2018, Camsing Fuzhou reported a net loss of SGD 348,000 for the period between 1 February 2018 and 31 July 2018 due to expenses incurred for starting up such as employee remuneration, rent and office equipment, marketing and distribution and other admin purposes.
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