عربــى

Market is closed

EGX 30 10,321.97 2.24%



EGX approves Cleopatra Hospital to increase capital by LE350 m

EGX approves Cleopatra Hospital to increase capital by LE350 m

Arab Finance: The Listing Committee held on 13/07/2016 has approved Cleopatra Hospital Company S.A.E.(CLHO) to publish disclosure report to conduct procedures of calling general assembly to be convened.

General Assembly will review issued capital hike with amount around LE350 million, without rights issue for existing shareholders.

Capital hike will be distributed over 40 million shares, at LE9 per shares (nominal value of LE0.50 in addition to LE8.5 as issuance fees),

The Capital hike will be allocated for Care Healthcare Ltd., the main company' shareholder versus the shares offered in EGX.

According to extra-ordinary general assembly's decisions April 6, 2016 held on; the capital hike will be funded from the initial public offering (IPO) as well as private offering.

EGX added the company is committed to convene OGM and EGM within a month from disclosure report announcement.

Source: EGX & Arab Finance editor

All rights reserved to Arab Finance 2015 ©

Back to top