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Current date: 2010-02-09 09:26
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Pavlikeni-based Balkancar Zarya raises its capital to BGN 2.3 million
Business: Monday, 2009-06-29 09:55
Article by: Reporter.gr
Bulgarian manufacturer of rims and wheels for industrial vehicles Balkancar Zarya JSC (Pavlikeni) has received shareholders` approval to raise its capital by BGN 1 million to BGN 2.3 million.
The capital hike should be completed by the end of December. The company`s bondholders have urged for a capital increase, following the manufacturer`s failure to pay down its debt via a bond issue.
Moreover, the bondholders required that the company posted at least BGN 4.4 million in sales by the middle of the year and raised interest expenses by 20% from the end of March.
The company`s profit should be also transferred into a dedicated euro-denominated account with the trustee.
Scope: Town of Pavlikeni;
Last news and articles from Town of Pavlikeni2009-06-29 09:55 Pavlikeni-based Balkancar Zarya raises its capital to BGN 2.3 million2009-06-02 09:00 Swine Flu in Veliko Tarnovo2009-03-09 09:30 Pavlikeni-based company reported 54% more sales incomes for 20082008-11-27 09:00 Balkancar Zarya Pavlikeni with loss despite increase of sales and turnover2008-11-06 11:19 Farmers protest in Burgas, Popovo and others Bulgarian towns2007-05-03 12:50 Pavlikeni - An antique ceramic centre2006-06-12 12:00 History Museum - Pavlikeni
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