Capital Markets
Outgoing president Adam Loewe, who announced late last year he would step down for personal reasons after this year's shareholders meeting, said Zywiec might be able to double production by the year 2000. Zywiec recorded a net profit of zl. 27.1 million ($10.22 million) on sales of zl. 286.6 million ($108 million) last year against zl. 21.1 million ($7.96 million) on sales of zl. 195.6 million ( $73.8 million) in 1994.
Garment maker Zaklady Przemyslu Odzieýowego Elpo SA plans to issue new shares near the end of the year and to enter the Warsaw Stock Exchange in the first quarter of next year.
Gdanski Bank SA will become the first Polish company to have its shares traded on a German stock exchange. The shares would have a nominal value of zl. 2.50, or DM 1.43.
Rubber producer Sanockie Zaklady Przemyslu Gumowego Stomil Sanok SA (Stomil Sanok) plans a public offering for September and to enter the Warsaw Stock Exchange as early as November.
Construction company Mostostal Gdansk SA will not pay out any dividend for 1995 and placed all of its zl.1.4 million ($528,301) 1995 net profit into capital reserves, the firm's shareholders meeting decided. It also gave Mostostal's management the right to issue convertible bonds.
Construction company Exbud SA earned a 1995 net profit of zl. 10.72 million ($4.04 million), down from earlier figures of zl. 12.14 million ($4.58 million).
One convertible bond of computer maker Optimus SA's forthcoming $30 million international issue will be exchangeable into 6,947 common shares at zl. 38.76 ($14.62) a share.
Construction company Mostostal Warszawa SA will vote at its shareholders' meeting on a plan to issue 1.5 million new shares. The shares would be offered ex-rights to reduce the time needed to register the new issue and raise new capital.
Construction firm Espebepe Holding SA will vote at a shareholders meeting to use its reserves to cover 30% of its 1995 loss. The remainder of the loss would be made up over the next three years.
Wood-panel producer Zaklady Plyt Wi-rowych Grajewo (Grajewo), held by National Investment Fund (NIF) 15 of the Mass Privatization Program (MPP), could reach the Warsaw Stock Exchange. If successful, Grajewo would be among the first firms to reach the bourse from the MPP, in which shares in some 500 companies are allocated to 15 NIFs. Capital from the issue of at least 550,000 shares with a nominal value of zl. 2.49 ($0.94) would go to fund a DM 70 million investment program spearheaded by the installment of a modern production line.
Garment maker Zaklady Przemyslu Odzieýowego Elpo SA plans to issue new shares near the end of the year and to enter the Warsaw Stock Exchange in the first quarter of next year.
Gdanski Bank SA will become the first Polish company to have its shares traded on a German stock exchange. The shares would have a nominal value of zl. 2.50, or DM 1.43.
Rubber producer Sanockie Zaklady Przemyslu Gumowego Stomil Sanok SA (Stomil Sanok) plans a public offering for September and to enter the Warsaw Stock Exchange as early as November.
Construction company Mostostal Gdansk SA will not pay out any dividend for 1995 and placed all of its zl.1.4 million ($528,301) 1995 net profit into capital reserves, the firm's shareholders meeting decided. It also gave Mostostal's management the right to issue convertible bonds.
Construction company Exbud SA earned a 1995 net profit of zl. 10.72 million ($4.04 million), down from earlier figures of zl. 12.14 million ($4.58 million).
One convertible bond of computer maker Optimus SA's forthcoming $30 million international issue will be exchangeable into 6,947 common shares at zl. 38.76 ($14.62) a share.
Construction company Mostostal Warszawa SA will vote at its shareholders' meeting on a plan to issue 1.5 million new shares. The shares would be offered ex-rights to reduce the time needed to register the new issue and raise new capital.
Construction firm Espebepe Holding SA will vote at a shareholders meeting to use its reserves to cover 30% of its 1995 loss. The remainder of the loss would be made up over the next three years.
Wood-panel producer Zaklady Plyt Wi-rowych Grajewo (Grajewo), held by National Investment Fund (NIF) 15 of the Mass Privatization Program (MPP), could reach the Warsaw Stock Exchange. If successful, Grajewo would be among the first firms to reach the bourse from the MPP, in which shares in some 500 companies are allocated to 15 NIFs. Capital from the issue of at least 550,000 shares with a nominal value of zl. 2.49 ($0.94) would go to fund a DM 70 million investment program spearheaded by the installment of a modern production line.
