GTC’s share issue still not approved

The EGM of property developer Globe Trade Centre (GTC), held on Monday, failed to approve the planned issue of 140 million shares due to a lack of quorum, the company said. CEO Thomas Kurzmann said that the management board upholds the plan. “Perhaps the shareholders need more details on why it is important for the company,” he was quoted as sayin by the Polish Press Agency. “We will discuss those details with shareholders and we will try to present the idea once again,” he added. He also said that GTC is not considering any alternative way of raising the funds.