Romania Electroarges Increases Capital By RON9.3M
Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) approved a 9.3 million lei (EUR2.14 million) capital increase to RON15.5 million to finance investments, the company said in a statement Monday.
Electroarges will issue 30.9 million new shares with a face value of RON0.1. Stockholders will have to pay a bonus of RON0.2 for each new share they buy during the operation.
Electroarges is 23.77%-owned by Romanian businessman Catalin Chelu.
The company reported a net profit of RON5.3 million in the first nine months of 2011, on total sales of RON94.6 million.
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