Nakhodka marine fish port increasing capital

December 12, 2007 16:17

OAO Nakhodka Marine Fish Port (plc) located in the Primorsky Krai Territory (capital Vladivostok) has registered an extra issue of shares at a total value of RUB200 million.

The shares will be sold via closed subscription among the affiliates of Far Eastern Transport Group, JSC. The bulk of the proceeds from sale of the shares will be invested into the port's modernization. The main efforts will be focused on construction and fitting of the container terminal with the corresponding equipment.

Taking into account the extra issue of shares the company's nominal capital can grow 4.7-fold.

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