“The share capital increase is necessary to meet the company’s need for liquidity, to carry out the programs undertaken and to pay off some of its existing debts”, as per a stock market announcement.
The company is 32.9% held by Transferoviar Marfa Cluj-Napoca, while Monica Baiculescu owns 32.7% of the share capital.
REFE shares have been trading down 11.5% since the beginning of 2019, amid deals worth RON907,953, reaching a market capitalization of RON39.4 million.