BLS International Services Limited has informed the Exchange about subscription of share capital of BLS Consular Services Limited, Ireland, by BLS International FZE (Wholly owned subsidiary of the Company)
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BLS International Services Limited's wholly owned subsidiary, BLS International FZE, has subscribed to 100% of the share capital of BLS Consular Services Limited, a company incorporated in Ireland. As a result, BLS Consular Services Limited has become a wholly owned step-down subsidiary of BLS International. The cash consideration was Euro 100, and the target operates in the visa and passport processing business. The entity was originally incorporated on October 5, 2017, has NIL turnover over the last three years, and its paid-up capital is Euro 100. The transaction was completed on August 29, 2025, and is not a related party transaction.
This is a minor internal group restructuring with negligible financial impact (consideration of just Euro 100) to expand the company's international footprint in visa and passport processing. Shareholders are unlikely to see any immediate effect on stock price, though it strengthens the group's overseas subsidiary structure for future business expansion in Ireland.