Capital MarketsBrewer Okocimskie Zaklady Piwowarskie SA (Okocim) expects to sell more than 1.4 million hectoliters of beer this year, topping last year's sales by more than 12%.
Okocim sold 1.25 million hectoliters last year. The higher beer sales for the year seemed likely after May's record sales of 172,562 hectoliters, beating July 1995's record of 162,064 hectoliters, and June sales would probably set a new record. Okocim sold 140,500 hectoliters last May.
Industrial boilermaker Rafako set the price of its new issue of up to 4.17 million shares at zl. 24 ($9.05), the company said in its issue prospectus. Rafako is offering up to 3.17 million shares for foreign financial institutions and 1 million shares for domestic large investors holding at least 5% of current Rafako equity as of June 15, on subscription scheduled for June 19-22.
Brewer Zaklady Piwowarskie w Zywcu SA (Zywiec), though 31.8% owned by Heineken, has no immediate plans to produce the Dutch beer, Zywiec's new president said. Jean Francois van Boxmeer, who was voted Zywiec president at a shareholders meeting earlier this month on Heineken's nomination said Heineken had no immediate plans to up its stake and that Zywiec planned no immediate share issue.
Construction firm Exbud's fully-owned subsidiary Exbud Wroclaw Sp. z o.o. has won a tender worth zl. 20.8 million ($7.8) to build a hotel in the town of Szklarska Poreba, southwestern Poland. The work will take place between this July and December 1997.
Automotive group Sobieslaw Zasada Centrum wants to retain its investment and expansion strategy in the years ahead despite the zl. 8 million ($3 million) loss it suffered last year. The firm said its investment strategy was aimed at creating a capital-strong group of Polish automotive companies capable of competing with large foreign firms in the business and supply "products of the highest quality."
Petrobank has called a general shareholders meeting for June 27. Shareholders would vote on a capital increase. It would also apply to the Securities Commission for approving the bank's F series of ordinary shares for public trade.
According to early unofficial results the 2-million-share offering of the furniture and wood trader Paged was more than 70% oversubscribed. The company was offering on subscription 1.4 million shares in the institutional tranche and 600,000 shares in the retail tranche from May 14 to May 24. All shares were offered at zl. 12 ($4.50) each. Paged, which wants to seek listing on the Warsaw Bourse's main market, earned net zl. 9.5 million ($3.6 million) on sales of zl. 117.5 million ($44.3 million) in 1995.
Construction firm Budimex will build a hotel and health resort in Nalchyk, Russia worth $2.1 million. Budimex has until Jan. 31 next year to complete the project. Budimex and eight of the firms in its holding have also signed 156 contracts worth zl. 260.6 million ($98.3 million) this year until May 30, of which the parent company handled 51 contracts worth zl. 145.6 million ($55 million).
Construction company Stalexport will pay no dividend for last year because it will add all 1995 profit to its reserve capital. The decision was made at a general shareholders meeting. Also Stalexport will not issue new shares this year.
The annual shareholders meeting of garment maker Bytom approved a new issue of 250,000 shares. The issue would increase the share capital by half from the present 500,000 shares.
Industrial boilermaker Rafako set the price of its new issue of up to 4.17 million shares at zl. 24 ($9.05), the company said in its issue prospectus. Rafako is offering up to 3.17 million shares for foreign financial institutions and 1 million shares for domestic large investors holding at least 5% of current Rafako equity as of June 15, on subscription scheduled for June 19-22.
Brewer Zaklady Piwowarskie w Zywcu SA (Zywiec), though 31.8% owned by Heineken, has no immediate plans to produce the Dutch beer, Zywiec's new president said. Jean Francois van Boxmeer, who was voted Zywiec president at a shareholders meeting earlier this month on Heineken's nomination said Heineken had no immediate plans to up its stake and that Zywiec planned no immediate share issue.
Construction firm Exbud's fully-owned subsidiary Exbud Wroclaw Sp. z o.o. has won a tender worth zl. 20.8 million ($7.8) to build a hotel in the town of Szklarska Poreba, southwestern Poland. The work will take place between this July and December 1997.
Automotive group Sobieslaw Zasada Centrum wants to retain its investment and expansion strategy in the years ahead despite the zl. 8 million ($3 million) loss it suffered last year. The firm said its investment strategy was aimed at creating a capital-strong group of Polish automotive companies capable of competing with large foreign firms in the business and supply "products of the highest quality."
Petrobank has called a general shareholders meeting for June 27. Shareholders would vote on a capital increase. It would also apply to the Securities Commission for approving the bank's F series of ordinary shares for public trade.
According to early unofficial results the 2-million-share offering of the furniture and wood trader Paged was more than 70% oversubscribed. The company was offering on subscription 1.4 million shares in the institutional tranche and 600,000 shares in the retail tranche from May 14 to May 24. All shares were offered at zl. 12 ($4.50) each. Paged, which wants to seek listing on the Warsaw Bourse's main market, earned net zl. 9.5 million ($3.6 million) on sales of zl. 117.5 million ($44.3 million) in 1995.
Construction firm Budimex will build a hotel and health resort in Nalchyk, Russia worth $2.1 million. Budimex has until Jan. 31 next year to complete the project. Budimex and eight of the firms in its holding have also signed 156 contracts worth zl. 260.6 million ($98.3 million) this year until May 30, of which the parent company handled 51 contracts worth zl. 145.6 million ($55 million).
Construction company Stalexport will pay no dividend for last year because it will add all 1995 profit to its reserve capital. The decision was made at a general shareholders meeting. Also Stalexport will not issue new shares this year.
The annual shareholders meeting of garment maker Bytom approved a new issue of 250,000 shares. The issue would increase the share capital by half from the present 500,000 shares.
