Stock publishers on the way to raising capital
According to Tejaratnews, capital increase as a way to finance the company includes methods such as from accumulated profits (bonus shares), from cash inflows and current shareholders’ claims, from revaluation of assets and through the method of spending shares. Depending on its financial situation, each company considers one of the above methods to perform this process, but since the capital increase requires approval from the board of directors, the company’s statutory auditor and finally the Tehran Stock Exchange, it is a time consuming process. is considered. Therefore, in order to inform the shareholders, the companies publish each of the steps of this process in several announcements in the Cadal system. The following is a brief description of some of these announcements.
OTC: The OTC company of Iran announced that the increase of the company’s capital from 280 billion tomans to the amount of 700 billion tomans (150% capital increase) from the accumulated and accumulated profit has been registered in the companies registration authority on 09/09/1400.
Midco: The parent company of Middle East Mines and Mining Industries Development announced that the increase of the company’s capital from 4.5 thousand billion Tomans to 60 thousand billion Tomans (33% increase of capital) from the place of receivables and cash flow on 08/09/1400 in the companies registration authority Has been registered.
Rakish: Iran Kish Credit Card Company has issued a public acceptance notice for unused pre-emptive rights. The company’s announcement states that with regard to the capital increase license dated 12/03/1400 and based on the decisions of the Extraordinary General Assembly on 04/10/1400, due to the increase of the company’s capital from 260 billion tomans to 630 billion tomans (increase of capital by 142 percent), The number of 1 billion 856 million 347 thousand 965 shares according to the pre-emptive right used by the current shareholders and considering the expiration of the deadline for using the said pre-emptive right to increase the capital, 433 million 652 thousand 135 shares of 1000 Rials will be offered to the public. . Also, the deadline for general admission has been announced from 10/09/1400 to 09/10/1400.
Pekerman: Barez Industrial Group announced that the capital increase and the company’s justification report on the need for capital increase, which had previously been submitted to the company’s auditor and statutory auditor for comment, was approved by that institution (Bayat Ryan Auditing Institute). Obviously, the capital increase is subject to the approval of the Stock Exchange and Securities Organization and the approval of the Extraordinary General Assembly. The company has decided to increase its capital from the amount of 252.6 billion Tomans to the amount of 652.6 billion Tomans from the cash brought by depriving the current shareholders of the priority right in order to provide part of the resources required for the 44,000 ton development plan of Kerman factory.
Source: the world of economy