Cord Buzau will issue 13.08 million new shares with a face value of RON2.5.
The company is 94.7%-owned by Austrian investment fund Do-Fi South-East Holding.
On Rasdaq market June 16, Cord Buzau closed down 13% at RON4 a share. (EUR1=RON4.2685)
Capital Market
Cord Buzau Hikes Capital To RON72M
Romanian metallic cord and wire manufacturer Cord Buzau (CORZ.RO) will increase its share capital by 32.7 million lei (EUR7.6 million) to over RON72 million, the company said in a statement Monday.