El Badr Investment and Development-BID
EBDP
EBDP
El Badr Plastic Co. announced that its rights issue to increase capital by EGP 5.1 million was subscribed by 100%.
The company’s board approved amending articles of incorporation No. 6 and 7 accordingly. 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 company’s board approved amending articles of incorporation No. 6 and 7 accordingly. 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
