Financing 4 publishers through capital increase
According to Tejarat News, in the last few days, several announcements have been published by stock exchange and over-the-counter publishers on the Cadal website. Some of these announcements are related to increasing the capital of companies for financing.
“System”: System Partners Company with the symbol “System” announced following the decisions of the Extraordinary General Assembly to approve a capital increase from 170 billion tomans to one thousand billion tomans from accumulated profits, revaluation surplus assets to reform the financial structure and carry out plans Development of the company, the board of directors intends to carry out the second phase of capital increase from 854 billion tomans to one thousand billion tomans from the accumulated profit in order to carry out the company’s development plans and compensate the capital expenditures made. Obviously, the mentioned capital increase is subject to the approval of the Stock Exchange and Securities Organization and the approval of the Board of Directors, and the necessary information will be provided in this regard.
“Vahamoon”: Hamoon Saba Investment Company with the trading symbol “Vahamoon” announced that the proposal and justification report of the Board of Directors to increase the capital from 300 billion Tomans to 500 billion Tomans (67% capital increase) from the current shareholders’ claims and bring cash to The purpose of reforming the financial structure and investment in companies’ shares, participation bonds and other securities and not withdrawing liquidity from the company has been sent to the auditor and statutory auditor for comment.
“Tepco”: Hepco Heavy Equipment Production Company with the symbol “Tepco” announced yesterday on Kedal website that the company has decided to increase its capital by 57%. Accordingly, the explanatory report of the company’s board of directors on the need to increase capital from 1.2 thousand billion tomans to 3.3 trillion tomans from the current claims of shareholders and bring cash to reform the financial structure and working capital to continue and expand the company Which was approved by the Board of Directors on 05/18/1400, was submitted to the auditor and the statutory inspector for comment.
“Famli”: On Sunday, the National Iranian Copper Industries Company with the trading symbol “Famli” had announced in a statement in Kedal that the increase of the company’s capital, which was previously on 05/24/1400, the explanatory report of the company’s board of directors on the need to increase capital from The amount of 20,000 billion tomans to 40,000 billion tomans (100% capital increase) from the accumulated profit in order to provide part of the resources needed to complete the ongoing development projects, to compensate part of the capital expenditures made in investable companies and to provide part of the resources needed to Participation in the capital increase of the Persian Gulf Water Supply and Transmission Company, which was submitted to the statutory auditor (Auditing and Financial Services and Management Institute of Iran), received the necessary approval from that institution and came one step closer to increasing the capital.
Source: the world of economy