Today, Thursday, August 21 is the record date for the rights issue of El Badr Plastic Co. to increase its capital by EGP 5.1 million (5.1 million shares) to EGP 7.650 million from EGP 2.550 million at par value of EGP 1 plus 2.5 piaster issue costs each.
The capital increase will go for completing the company’s bottles production line.
FY13 financial results had shown EGP 980.8 thousand net loss, against EGP 127.4 thousand net profit a year earlier.