PT ECLAT TEXTILE INTERNATIONAL announced that it expects to receive $25 million in funding from Eclat Textile Co., Ltd.
September 16, 2019
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PT ECLAT TEXTILE INTERNATIONAL announced a private placement of 2,500,000 shares at an issue price of $10 per share for the gross proceeds of $25,000,000 on September 17, 2019. The transaction will include participation from returning investor Eclat Textile Co., Ltd. (TSEC:1476). The transaction has been approved by the board of directors.
Eclat Textile Co Ltd is a Taiwan-based company principally engaged in the garments and fabrics business. The Companyâs primary products include active wear, performance wear, ready to wear, seamless wear, flexible knit fabrics, organic cotton fabrics, lyocell fiber fabrics, rayon fiber fabrics, polymer fiber fabrics, anti-bacterial fabrics and others. Its fabrics are mainly used in the production of sportswear, casual garments, underwear and swimsuits. The Company mainly operates through two business segments. The Knitted Fabrics segment is mainly engaged in the production and sale of knitted fabrics. The Ready-made Garments segment is mainly engaged in the manufacture, processing and trading of garments. The Company mainly operates its business in Taiwan, the Americas and other Asian markets.
ECLAT TEXTILE CO., LTD. 
