Prodplast Imobiliare will issue 13 million shares to be offered to shareholders, the company said in a statement Tuesday.
On August 20, the shareholders of Prodplast Imobiliare agreed in principle to split the company, transfer one of the company’s two plots to a newly set up firm and build a shopping center on the respective plot. Subsequently, the company’s managing board reconsidered the proposition to split the company and summoned the shareholders’ meeting to cancel the decision.
Prodplast Imobiliare is controlled by businessman Florin Pogonaru and regional investment fund SIF Oltenia (SIF5.RO). (EUR1=RON4.5370)