Rubex International's offered shares subscribed by 88%
Updated 9/21/2020 5:35:15 PM
ArabFinance: Rubex International (RUBX) stated that the total subscribed shares in the capital increase subscription reached 8,789,973 shares, representing 87.899% of the total offered shares, according to the company’s September 21st statement filed to the Egyptian Exchange.
The company offered 10 million shares worth EGP 50 million in addition to issuance outlays of EGP 0.05 per share.
The subscription’s first phase lasted from until July 22nd until August 26th while the second phase started from September 13th until September 17.
Rubex is an Egypt-based joint-stock shareholding company engaged in acrylic and plastic products manufacturing. The company manufactures and distributes household plastic and acrylic products that include acrylic bathtubs and corner bathtubs, acrylic shower trays, acrylic bathroom panels, and others.
