English
Shareholders in special steel producer Otelinox Targoviste will convene next month to discuss a share capital increase by 64.99 million RON to over 85 million RON, according to data published in the Official Gazette. The capital increase will be operated through cash injection. The company will issue 25.99 million shares with a subscription price of 2.5 RON/share.
In 2006, Otelinox Targoviste posted a gross profit of 21.5 million RON, as compared with losses of 16.3 million RON in the previous year. The company ended 2006 with a turnover of 229.38 million RON, recording a 84% increase from 124.5 million RON in 2005.
The company is controlled by Samsung Deutschland GmbH, with 74.99%. Otelinox shares were traded on the Bucharest Stock Exchange until May 2006, when shareholders decided to delist the company from BVB.
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