MyFC strengthens its financing for stronger position in China
MyFC strengthens its financing through a loan of SEK 12.2 million and carries out an offset issue of the entire amount. The capital will mainly be used to expand myFC's ownership in myFC Asia, but also for business development, sourcing and organizational reinforcements.MyFC established operations in China a little more than a year ago, through the joint venture myFC Asia Ltd. MyFC has now decided to expand its ownership in the JV, which is co-owned by the Hong Kong-based investment company Novel Unicorn. The capital to do so is released through an offset issue. "In addition to China