The Far-Eastern Shipping Company OJSC (FESCO) has recommenced the placement of its additional issue worth RUB 410.899 mln, or 25% of its authorized capital, the company says.
The placement is continued in view that on January 25, 2007, the FFMS registered the changes in the decision on the additional issue of the FESCO shares.
January 11, 2007, the FESCO suspended the placement of its additional issue in view of changes in the additional issue decision and the securities prospectus.
The issue includes 410898000 ordinary shares of RUB1 par to be placed by public subscription. The FFMS registered the issue on December 14, 2006, with state registration number 1-03-00032-A-001D.
The Far-Eastern Shipping Company is one of the largest and oldest transport companies in Russia. Its core business is freight traffic between ports of the Far East, Chukotka, Sakhalin and Kamchatka, as well as South Korea, Japan, China, Taiwan Vietnam, Australia, New Zealand and the USA. The FESCO's major shareholder is the Industrial Investors Group (82% shares).
In January-September 2006, the FESCO's net income under RAS totaled RUB 813.347 mln, which is 2.63-fold more y-o-y.
The placement is continued in view that on January 25, 2007, the FFMS registered the changes in the decision on the additional issue of the FESCO shares.
January 11, 2007, the FESCO suspended the placement of its additional issue in view of changes in the additional issue decision and the securities prospectus.
The issue includes 410898000 ordinary shares of RUB1 par to be placed by public subscription. The FFMS registered the issue on December 14, 2006, with state registration number 1-03-00032-A-001D.
The Far-Eastern Shipping Company is one of the largest and oldest transport companies in Russia. Its core business is freight traffic between ports of the Far East, Chukotka, Sakhalin and Kamchatka, as well as South Korea, Japan, China, Taiwan Vietnam, Australia, New Zealand and the USA. The FESCO's major shareholder is the Industrial Investors Group (82% shares).
In January-September 2006, the FESCO's net income under RAS totaled RUB 813.347 mln, which is 2.63-fold more y-o-y.