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EGX reviews Golden Coast capital hike documents by LE20m

EGX reviews Golden Coast capital hike documents by LE20m

Arab Finance: EGX administration announced that Golden Coast Company (GOCO) has submitted its listing shares documents to increase issued capital to LE40 million from LE20 million with increase amounting to LE20 million.

The capital hike will be distributed over LE5 million (1 free stock for every existing one held), at a nominal value of LE4.

The capital hike will be funded from delayed profits and profits of 2015.

EGX added the documents will be reviewed to be presented to the listing committee.

 

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