Arab Finance: Cleopatra Hospitals Group’s (CHG) (CLHO) extraordinary general meeting (EGM) approved slashing the company’s issued capital to EGP 722.71 million from EGP 800 million, according to an EGX disclosure on January 29th.
The capital reduction will be carried out by writing off 154.57 million treasury shares.
Accordingly, Articles 6 and 7 of the CHG’s Articles of Association shall be amended.
