Speaker manufacturer Tonsil issues new shares

On October 2, the management of renowned loudspeaker producer Tonsil, wants to present the Securities and Stock Exchange Commission with a rescue share issue prospectus. Because of the company's liabilities, the new stock will be taken over by the State. The projected value of the issue is about zł. 1.5 million. "The issue will cover the debts that will be created in September and due to this, it will be carried out in October," said Rajmund Stodolny, who prepared Tonsil's share issue prospectus. After the transaction, the state will increase its stake in the firm to over 34%, while the Industrial Development Agency will own 9%. The share of sector investor, Tohoku Pioneer Corporation, will drop to almost 30% and, what is strange, is that the shareholder has never reacted to Tonsil's financial hardship. The company, however, also owes over zł. 25 million to Pekao and Bank Śląski, and due to this, "We want to reach agreement with them by the end of August," announced Tonsil president, Czesław Schejn. (Puls Biznesu, pp. 1, 3) M.M.