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Souhag Food Industries EGM to consider capital hike Nov 1

Souhag Food Industries EGM to consider capital hike Nov 1
Sohag National
SNFI
-15.43% 4.44 -0.81
Souhag National Food Industries invited shareholders to attend an extraordinary general meeting (EGM) No. 15 scheduled for Saturday, November 1, 2014.
The EGM will look into restructuring the company, in addition to increasing authorized capital from EGP 50 million to EGP 500 million and increasing issued and paid-in capital from EGP 21,735,480 to EGP 130,412,880, through rights issue at par value plus issue costs.