Cairo – Mubasher: Remco for Tourism Villages Construction’s extraordinary general meeting (EGM) has agreed to reduce the company’s issued capital through writing off treasury stocks.
The EGM also approved to amend articles number 6 and 7 of the statute, according to a bourse filing released on Tuesday.
Furthermore, the EGM voted for cancelling the American Depository Receipts (ADRs) programme, which was issued in 2010.
On another note, the ordinary general meeting (OGM) adopted the financial statements for the year ended 31 December 2016, in addition to the board's and auditor’s reports on the year.
