Alexandria Containers’ EGM to discuss increasing its capital on 9 January
Alexandria Container & Cargo Handling Company (ALCN) stated that the GA to be held on 9 Jan would discuss the approval of the fair value of EGP150.65 per share. The assembly will also discuss increasing ALCN’s issued capital from EGP739.2mn to EGP744.8mn through public issuance without priority rights for shareholders, as well as the legal reserve by EGP162.5mn.
Alex. Containers and Goods: EGP170.06 as of 14 Dec. 2017, Rating: Buy, TP: EGP220.00/share, MCap: USD1,407mn, ALCN EY/ALCN.CA
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