ArabFinance: Rubex International (RUBX) said the first phase of its share capital increase was subscribed by 87.61%, according to the company's August 30th statement filed to the Egyptian Exchange.
The percentage is equivalent to 8,760,822 shares out of the total 10 million shares offered in the subscription.
The listed company aims to increase issued capital by EGP 50 million from EGP 100 million to EGP 150 million.
The new shares are offered for subscription at par value of EGP 5 per each as well as issuance outlays of EGP 0.05.
On July 20th, the EGX's Operations Committee set the opening price of Rubex International's rights issue shares in the first trading day at EGP 0.53 per share.
Rubex is an Egypt-based joint-stock shareholding company engaged in acrylic and plastic products manufacturing. The company manufactures and distributes household plastic and acrylic products that include acrylic bathtubs and corner bathtubs, acrylic shower trays, acrylic bathroom panels, and others.
