Misr Chemical Industries says cells project cost hike on EGP flotation

Cairo – Mubasher: Misr Chemical Industries said the cost of its cells project increased after floating the Egyptian pound against the US dollar.

The project cost was set earlier at EGP 132 million, where an amount of EGP 63 million will be raised through a right while the remaining amount will be rendered through self-finance.

Previous news reports claimed that the cells project cost increased to EGP 150 million.

Mubasher Contribution Time: 08-Nov-2016 15:07 (GMT)
Mubasher Last Update Time: 08-Nov-2016 15:07 (GMT)