27/2017 - Intention to set up service company in India
The Management Board of Rawlplug S.A. ("Issuer") announces that it intends to establish a commercial company in India. The company, Rawlplug Private Limited, based in Bangalore, ("Company") with founding capital of up to INR 100 000, will conduct service activity only, consisting of providing technical support for the distributor of RAWLPLUG products, with which Rawlplug Group currently cooperates. Distribution in India takes place with the intermediation of the Issuer's subsidiary Rawlplug Middle-East FZE, based in Dubai.
The Company will be a direct subsidiary of Rawlplug S.A. The planned launch date for the Company is the first quarter of 2018.