Family reopened / How much did shareholders lose?

According to Tejarat News, the trading symbol of the National Iranian Copper Industries Company (Famli) is ready to trade without holding price fluctuations using the auction mechanism after holding an extraordinary general assembly to increase capital and disclose information of group A importance.

The price of each family share at the time of the stop was 1320 Tomans, which due to the 100% capital increase, is currently 665 Tomans per share. However, orders indicate a negative reopening of this indicator symbol.

The amount of increase in family capital is 20,000 billion tomans and the subject of capital increase is to provide part of the resources needed to complete the company’s development plans and reform the financial structure. This capital is to be done from the place of financing the capital increase.

By holding two national copper assemblies, while the board of directors agreed to increase the family capital by 100% from the accumulated profit, it was approved to make this company one of the largest companies in terms of nominal capital.

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