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Shareholders in Sibiu-based company Moara Cibin SA will convene on June 11th to discuss a share capital increase from 2,69 million RON to 10,77 million RON (3,25 million EUR), according to NewsIn.
The company concluded last year with a net profit of 729.000 RON, which will be used mainly as self-financing source. Shareholders approved at end-February the merger with Amylon, Comcereal Sibiu, Extra Sib and Panmed. The merger will be done through the absorbtion of the four companies.
Moara Cibin operates in the milliong industry and has a share capital of 2,69 million RON, divided into 26,93 million shares with a face value of 0,10 RON. The majority shareholder is Boromir Ind SRL, with 71,56% in the company.
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