Cherkasy Bus To Boost Capital 14.2 Times To USD 32 mln.
6 February 2008
The company plans to do this via an additional share issue for USD 29.7 mln. Concorde Capital: The attracted money is likely to be spent to implement Bogdan’s plans to switch bus production from Cherkasy bus to LuAZ and move car production operations to Cherkasy. Cherkasy bus increased its sales threefold by USD 23.3 yoy in 9M05, however, the company posted negative EBITDA of USD 0.9 mln, and positive net income of only USD 0.06 mln.
