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Egyptian Starch files with EGX for capital increase

Egyptian Starch files with EGX for capital increase
Egyptian Starch & Glucose
ESGI
-19.70% 3.21 -0.79
Egyptian Starch and Glucose Co. said it submitted a disclosure report to The Egyptian Exchange (EGX), requesting an approval on increasing issued capital by EGP 84.815 million to EGP 583 million from EGP 498.185 million.
In a meeting held on Tuesday, July 22, the company’s board had approved the capital increase that resulted from the re-evaluation of the assets of Cairo Starch and Glucose (merged company) in Egyptian Starch and Glucose (merging company) based on the stock market value on June 30.