El Badr Investment and Development-BID
EBDP
EBDP
El Badr Plastic Co. announced that its rights issue was covered by 90.41% in the first phase, after a total of 4.6 million shares were subscribed to at an overall value of EGP 4.7 million
The Egyptian Financial Supervisory Authority (EFSA) had approved a request from the company to launch a rights issue to increase its issued capital by EGP 5.1 million (5.1 million shares) to EGP 7.650 million from EGP 2.550 million at par value of EGP 1 plus 2.5 piaster issue costs each. The capital increase will go for completing the company’s bottles production line. FY13 financial results had shown EGP 980.8 thousand net loss, against EGP 127.4 thousand net profit a year earlier.
The Egyptian Financial Supervisory Authority (EFSA) had approved a request from the company to launch a rights issue to increase its issued capital by EGP 5.1 million (5.1 million shares) to EGP 7.650 million from EGP 2.550 million at par value of EGP 1 plus 2.5 piaster issue costs each. The capital increase will go for completing the company’s bottles production line. FY13 financial results had shown EGP 980.8 thousand net loss, against EGP 127.4 thousand net profit a year earlier.
Source:
Mubasher
