English
Sugar byproduct wholesaler Galgros - Galati (RASDAQ:GALV) has again asked shareholders to consider increasing the share capital by 4.01 million RON (1.2 million EUR) through a capital injection after the first decision in this respect could not be applied. In order to increase share capital, the company would issue 1.6 million shares with a face value of 2.50 RON. Shareholders registered as such will be able to subscribe one new share for every existing share.
Shareholders will convene on November 9th to make a decision on this topic. The initial decision to double share capital to 8.03 million RON was made on August 27th, but could not be applied because another capital increase, approved on April 15th, had not been completed yet. The sugar and chocolate wholesaler has a share capital of 4.01 million RON divided into 1.6 million shares with a face value of 2.5 RON. The majority shareholder is Catalin Chelu with 78.42%. SIF Moldova is second with 18.05%. H1 revenues amounted to 2.27 million RON (727,100 EUR), down by 28%, whereas the net profit of 601,600 RON (191,900 EUR) was down 43%. The company has a market capitalization of 17.68 million RON (5.28 mln EUR).
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