The proposal, lodged by the company’s majority holder A2 Impex Ploiesti in August, was approved at a shareholding meeting October 1.
Chimcomplex will increase the face value of its shares to RON1.2562 a unit, from RON1 presently. The funds will come from the company’s own reserves.
The company also approved taking out a RON5 million loan from Raiffeisen Bank Romania to finance working capital.
Chimcomplex reported a 14% decrease in its first-half net profit to RON4.2 million, on 3.3% lower sales to RON93.2 million.
Chimcomplex is 83.8% owned by A2 Impex Ploiesti, a member of the Serviciile Comerciale Romane group, controlled by businessman Stefan Vuza.
On Rasdaq market September 30, Chimcomplex closed flat at RON0.8 a share, valuing the company at RON103.4 million. (EUR1=RON4.4403)