ArabFinance: Medical Packaging Company (MEPA) announced on January 17, that the subscription's second phase of its capital increase has been covered at 7.813% of the total offered shares. 

Medical Packaging Company added that the covered shares reached 5,000,000 shares, with the total amount worth LE5,100,000; LE5 million is the valuation of the shares' par value in addition to LE100,000 issuance fees. 

The Company intended to increase issued capital to LE128 million from LE64 million with the increase amounting to LE64 million. The capital increase would be distributed over 64 million shares at par value of LE1 per share with issuance fees of LE0.02.

It is worth mentioning that Egyptian Stock Exchange (EGX) declared on October 28, 2018, Medical Packaging rights issue will not be traded in the first round of the capital hike subscription due to its stock being lower than the subscription price of the rights issue.

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