Eastern Company (EAST.CA) announced that its board of directors (BoD) would convene on Tuesday, 30 August 2016, to discuss the required procedures of increasing the company’s issued capital to EGP1.5bn from EGP750mn (likely through a stock dividend), as well as increasing authorised capital to EGP3bn from EGP1.5bn. (Company disclosure) Eastern Company: EGP214.99 as of 28 August 2016, Rating: Buy, FV: EGP310.00 per share, MCap: USD1,211mn, EAST EY / EAST.CA
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