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October Pharmas EGM okays capital increase by EGP 60M
October Pharmas (OCPH) extraordinary general assembly that held on Dec. 05, 2019, approved the increase of authorized and issued capitals.
The company decided to increase the authorized capital from EGP 60 million to 120 million with an increase amounting to EGP 60 million, in addition to the issued capital increase from EGP 60 million to EGP 120 million, with an increase amounting to EGP 60 million.
The EGM approved amending articles no. 6 and 7 of articles of associations.
It is worth mentioning that the company got Financial Regulatory Authority (FRA) nodded on Oct. 31, 2019, to October Pharma to proceed into procedures of the issued capital increase.
The capital will be increased in cash as well as allocated to existing shareholders according to their quota in the share capital.



Time Added: 2019-12-08 14:29:36
Source: arabfinance
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