At the end of August, Concefa shareholders decided to increase the share capital by RON14.2 million, through cash contribution and the compensation of several receivables.
However, shareholders only bought some 43% of the shares issued for the operation, and the remaining shares were cancelled.
Right now, majority shareholder Horatiu Cercel has upped his stake to 57.48% from 54.83%, while his mother holds a 6.44% stake, compared to 5.69% previously.
One of the reasons cited by shareholders for not subscribing was the fact that the price, RON0.1, was higher than the market price.
Concefa revenue inched up to RON42 million, from RON41.5 million in January-June. The company switched to a loss of RON3.6 million in the timeframe mentioned, from a net profit of RON855,000 in the first half of 2010.
The company now has a share capital of RON56.8 million, divided into 568.5 million shares with a face value of RON0.1.
On the bourse, Concefa shares were declining 0.66% on the day mid-session Friday, to RON0.0606. (EUR1=RON4.3233)