Midco raises capital – TradeNews

According to a report published on Kedal website, the parent company of the Middle East Mines and Mining Industries with the symbol میدکو Increased capital.

According to the published report, Midco’s current capital is more than four thousand and 500 billion tomans. The percentage increase in registered capital has been more than 32% and amounted to 1,480 billion tomans.

The capital increase is made from the receivables and cash inflows of the parent company specialized in the development of mines and mining industries in the Middle East.

Also, the monthly activity report for the one-month period ending November 21, 2014 has been published. Accordingly, the parent company specialized in the development of mines and mining industries in the Middle East has not earned any income from the transfer of shares during one month of operation.

The company has not earned any income during the eight months of the fiscal year ending March 20, 2014.

According to a report published on the Cadal website, the results of the sale of unused Midco pre-emptive rights have also been published. Accordingly, the amount belongs to each priority right is 4250 Tomans.

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