Unipack’s EGM OKs capital cut
Updated 9/27/2023 9:54:00 AM
Arab Finance: Universal for Paper and Packaging Materials’ (Unipack) extraordinary general meeting (EGM) has approved trimming its issued and paid-in capital by EGP 618,580 at a par value of EGP 10 per share via writing off 6.186 million treasury shares, according to a disclosure on September 27th.
Thus, the company will cut its capital to EGP 76.381 million from EGP 77 million.
UNIP is primarily engaged in the production and sale of paper and packaging materials. The Company markets its products domestically and internationally.
