Big issue for GTC

The GTC shares were directed solely at qualified investors. The issue price of a G-series share was set at zł.285. "Our aim was to gain $150 million from issuing new shares. Due to high demand this goal was achieved, with 1.712 million shares sold," said GTC's financial director, Erez Boniel. GTC is going to invest this newly gained capital further expansion in the CEE region. By the end of 2008 the company will be able to invest at least $1 (zł.3.27) billion in new projects.(Real Estate Newsletter)