Balcem To Increase Charter Fund By 90% - To USD 1.1 Mln.
14 July 2008
Balcem plans to issue 98.7 mln shares at USD 0.01 par. The money attracted will be used to increase working capital. Last year the company increased net revenues by 25.1% to USD 45.9 mln, and posted a net loss of USD 5.2 mln. Nearly 96.8% of Balcem belongs to Russia?s Eurocement Group.
