The operation would entail the cash contribution of shareholders, as well as the compensation of several receivables held by the stock owners.
Should the operation be approved, on August 29, the company will issue 142.1 million new shares.
Another item on the meeting agenda consists of approving a lending and guarantee ceiling of EUR3 million.
Concefa posted sales of RON12.1 million (EUR2.8 million) in the first quarter, up 84% on the year, and a net profit of RON151,000.
Horatiu Cercel, who is also the company’s board president, holds a 60.51% stake in Concefa, together with his mother.
The company currently has a share capital of RON56.8 million, divided into 568.4 million shares with a face value of RON0.1.
Concefa shares closed up 0.58% Friday, to RON0.1036. (EUR1=RON4.2233)