Eastern Company’s Board of Directors (BoD) approved increasing the company’s issued capital to EGP1.5bn from EGP750mn through a 1:1 stock dividend, as well as increasing authorised capital to EGP3bn from EGP1.5bn, at its meeting held on 01 September 2016. The company’s total number of shares will increase to 100 million from 50 million. The decision is still subject to general assembly approval whose date is yet to be announced. (Company disclosure, Nada Amin, Hatem Alaa)   Eastern Company: EGP231.52 as of 04 September 2016, Rating: Buy, FV: EGP310.00 per share, MCap: USD1,304mn, EAST EY / EAST.CA