Cairo – Mubasher: Heliopolis Company for Housing and Development said it send a disclosure report to the Egyptian Exchange (EGX) in order to secure its approval regarding reducing the company’s stock par value.
The company seeks to reduce its stock par value from EGP 1 to EGP 0.25 per share.
Following this move, the company’s issued capital will remain the same at EGP 111.275 million distributed across 445.02 million shares instead of 111.25 million shares.
