Cairo – Mubasher: The Egyptian Exchange (EGX) said it received a disclose report from Dice Sport and Casual Wear Co, regards the company’s intention to reduce its stock’s par value.
EGX pointed out that it is still studying the company’s request.
Earlier, the company’s shareholders gave a nod to reduce the company’s shares par value from EGP 4 per share to EGP 1 per share.
The company will go for cutting its stocks par value while keeping its issued capital unchanged at EGP 28 million.
