EGX Listing Committee approved yesterday Cleopatra Hospital Company’s (CHC) (CLHO.CA) EGP360mn capital increase that is distributed over 40mn shares at EGP9/share (EGP0.5 par value plus EGP8.5 share premium) and through a closed subscription to Care Healthcare Ltd., CHC’s major shareholder that owns c80% of the company post the capital increase. The company’s paid-in capital increased from EGP80mn to EGP100mn, accordingly. The capital increase is financed from the proceeds of the recent secondary offering, and the decision follows the AGM’S approval that was held on 6 April 2016 and as mentioned in CHC’S prospectus published in May 2016. (EGX disclosure)   Cleopatra Hospital Company (CHC): EGP9.48 as of 17 August 2016, Rating: Buy, FV: EGP11.70 per share, MCap: USD171mn, CLHO EY / CLHO.CA