ArabFinance: The number of shares that covered in the first round of Middle East Glass Manufacturing's (MEGM) capital increase subscription is 28,645,057 shares, representing 87.33% of the total offered shares, according to the statement sent to the Egyptian exchange.
The subscribed shares valued EGP 28,645,057, as the par value of the share amounted to EGP 1 apiece.
It is noteworthy that the company offered 32,800,000 shares for subscription in order to increase the capital.
The Financial Regulatory Authority approved on Dec. 16 publishing the invitation to the company's shareholders. The subscription lasted for one month started Jan.09 until Feb. 09.