Turkish cement and clinker producer Batisoke Cimento decided at its management board meeting on March 30, 2004 to boost its paid-in capital to 56.25 trln Turkish lira ($42.7 mln/34.9 mln euro) from 11.25 trln lira ($8.5 mln/7.0 mln euro). The company said in a statement to the Istanbul Stock Exchange (IMKB) that the capital increase will be carried out through a 400 pct bonus issue. A total 45 trln lira ($34.2 mln/27.9 mln euro) will be covered from the company’s revaluation funds. Batisoke Cimento is a subsidiary of local sector company Bati Cimento (Baticim). Published under Cement News
Turkish cement and clinker producer Batisoke Cimento decided at its management board meeting on March 30, 2004 to boost its paid-in capital to 56.25 trln Turkish lira ($42.7 mln/34.9 mln euro) from 11.25 trln lira ($8.5 mln/7.0 mln euro). The company said in a statement to the Istanbul Stock Exchange (IMKB) that the capital increase will be carried out through a 400 pct bonus issue. A total 45 trln lira ($34.2 mln/27.9 mln euro) will be covered from the company’s revaluation funds. Batisoke Cimento is a subsidiary of local sector company Bati Cimento (Baticim). Published under Cement News
Sign up for our Daily News Service
Our editors' pick the top news delivered to your inbox each day.
Sign up for the daily email