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Wednesday, November 27, 2019 - 4:42:47 PM
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Mining News Pro - Aiming at reforming the financial structure and preventing cash outflows, Hormozgan Steel Company intent to increase the capital.
According to Mining News Pro - Board of Directors at HOSCO (Hormozgan Steel Company) made a decision in order to increase their capital for reforming the financial structure and preventing cash outflows.
This 80 percent increase is equal to $104.3 million. This increases the company’s capital from $130.4 million to $234.7 million.
According to company, board of directors at first suggested the 100% increase but the final decision was to increase the capital 80% percent from retained earnings.
Short Link:
https://www.miningnews.ir/En/News/449696
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