Jordan Clothing to discuss capital hike early December

Mubasher: Jordan Clothing Co will hold its board meeting on Thursday, 1 December, to consider increasing the capital as well as restructuring it based on the accumulated losses.

The company will consider a capital hike by 1.04 million shares with a par value of KWD 1 per share through offering the rights issue to the public or shareholders, the company said in a bourse statement.

The board will also discuss offsetting the capital based on the accumulated losses that totalled about KWD 1.05 million according to the company’s latest financial statements.

 

Mubasher Contribution Time: 27-Nov-2016 12:37 (GMT)
Mubasher Last Update Time: 27-Nov-2016 12:37 (GMT)