Entertainment group's WSE screening
The offering will be issued in two tranches. The first subscription, for individual small investors, will take place between December 3 and 7, and include two million shares. The second, for larger, institutional investors, will take place from December 8-9, and comprise eight million shares.
I.T. International Theatres Ltd (ITIT), which is based in Israel and holds 86.09 percent of CCI's equity, is placing the shares on the market. The company will offer an additional 4.95 million shares, and use the proceeds to buy out the minority stakes from the current shareholders.
According to CCI, the share issue will pull in 40 million, with which the company plans to erect 10 new multiplex cinemas by 2006. (A.K., ISB)
I.T. International Theatres Ltd (ITIT), which is based in Israel and holds 86.09 percent of CCI's equity, is placing the shares on the market. The company will offer an additional 4.95 million shares, and use the proceeds to buy out the minority stakes from the current shareholders.
According to CCI, the share issue will pull in 40 million, with which the company plans to erect 10 new multiplex cinemas by 2006. (A.K., ISB)
