La Seda falls more than 60% ind
July 6th, 2010
La Seda falls more than 60% in his return to the market one year after being suspended.
Madrid, July 5 (Xinhuanet) .- Shares of La Seda de Barcelona returned to the market today, after a year of suspension stock market, with a large decrease of 60%, which placed his title by 0.14 euros, compared to 0, marking 34 at the time of the suspension, exactly one year ago.
After an auction that has lasted for nearly half an hour at 0925 hours, ffxiv gil, the titles of La Seda marked a first price of 0.14 euros, after investors traded 2.6 million shares for an amount of 412 000 euros.
The SEC announced on Friday an end to the precautionary suspension of the negotiations on the Automated Quotation System of the shares of La Seda, day suspended on June 5, 2009.
The stock market supervisor warned of, aika gold, the risk that La Seda de Barcelona enters into bankruptcy (the old suspension of payments) he does not subscribe the capital increase amounting to 300 million approved by the shareholders' meeting.
The syndicated loan from creditor banks have committed themselves to capitalize subject to a maximum of 150 million euros by compensation of debts, leaving the possible capitalization subject to the uptake by La Seda, ffxiv gil, de another 150 million in cash, so the total figure reached 300 million.
Current shareholders and third party investors have declared their intention to subscribe for shares amounting to 100 million euros, subject to certain conditions including that the company received simultaneous or prior applications for subscription at least 300 million euros.
The SEC warns that, without reaching the 300 million investors who have acquired prrential subscription rights during the negotiation of them would lose the amount paid for acquisition.
Also, do not complete the expansion of capital, La Seda breach the agreement with the union of creditor banks, so these or society itself could seek a declaration of bankruptcy. MarketWatch
February 5th, 2012 at 8:50 pm
long haircuts…
I like the helpful information you provide in your articles. I’ll bookmark your weblog and check again here frequently. I’m quite certain I’ll learn many new stuff right here! Good luck for the next!…