ArabFinance: El Badr Plastic Company said the shares offered in the second round of the capital subscription, oversubscribed 3.21334 times, according to the company’s statement filed to the Egyptian Exchange.
El Badr Plastic offered 2,888,774 shares in the second round while the subscribed shares are 9,282,615. The allotment ratio is 31.1202608%, the company said.
On January 6th, El Badr obtained the Financial Regulatory Authority’s approval for inviting the existing shareholders to subscribe to the shares uncovered in the subscription.
The listed company announced that the first round of capital increase subscription has been covered by 81.12%, an equivalent of 12,411,226 shares.
Founded in 2002 and listed on EGX in 2008, El Badr specializes in providing plastic packaging solutions to meet all packaging and design needs.
