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EGX stops trading Speed Medical’s rights issue

EGX stops trading Speed Medical’s rights issue

ArabFinance: The Egyptian Exchange (EGX) stopped trading Speed Medical’s (SPMD) rights issue on October 26th,  according to a disclosure to the Egyptian Exchange.

On June 29th, EGX’s concerned committee listed Speed Medical's 752,506,380 rights issue separated from the shares.

The company had intended to increase issued capital by EGP 150,501,276 from EGP 71,327,619 to EGP 221,828,895.

The listed company will issue 752,506,380 shares at a par value of EGP 0.20 per each as well as issuance outlays of EGP 0.05.

Speed Medical is an Egypt-based medical laboratory operator that is engaged in establishing, operating, and managing diagnostic laboratories, clinics, and hospitals.

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