Chimcomplex recommended increasing 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 proposed taking out a RON5 million loan from Raiffeisen Bank Romania to finance working capital.
The proposals are subject to shareholder approval at a meeting due October 1.
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 August 23, Chimcomplex closed down 1.25% at RON0.79 a share, valuing the company at RON102.1 million. (EUR1=RON4.435)