Subsidiary16 Jun 2025, 05:51 pm
Ethos Ltd Acquires Ficus Trading LLC, Its Wholly Owned Subsidiary, for AED 300,000
AI Summary
Ethos Ltd, a leading company in the watches, clocks, and spare parts trading industry, has acquired 100% initial subscription to the share capital of Ficus Trading LLC, its wholly owned subsidiary, for AED 300,000. Ficus Trading LLC, incorporated on April 17, 2025, in Dubai, UAE, will engage in trading of watches, clocks, and their spare parts. This acquisition is a related party transaction and does not require any governmental or regulatory approvals. The acquisition has been completed on June 16, 2025.
Key Highlights
- Ethos Ltd acquires 100% initial subscription to the share capital of Ficus Trading LLC for AED 300,000
- Ficus Trading LLC is a wholly owned subsidiary of Ethos Ltd, incorporated on April 17, 2025, in Dubai, UAE
- Ficus Trading LLC will engage in trading of watches, clocks, and their spare parts
- This acquisition is a related party transaction and does not require any governmental or regulatory approvals
- The acquisition has been completed on June 16, 2025