[Egypt] Private Placement Boosts Shares

Egyptian manufacturer of small-sized glass drug containers, Advanced Pharmaceutical Packaging Co, saw its stock rise 10% after announcing a private placement of its shares. The stock climbed to EGP 23 on the Egyptian Exchange on 27 June, with shares trading at EGP 20.95 pounds in Cairo, giving the company a market value of EGP 71.2M pounds (USD 12.5M). Advanced Pharmaceutical Packaging, a family owned company since its founding in 1995, plans to expand in Eastern Europe and the Middle East, its main export markets.

Author
Un-named
Origin
Unknown
Journal Title
www.Glassonline 1 July 2010
Sector
Container glass
Class
C 4177

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[Egypt] Private Placement Boosts Shares
www.Glassonline 1 July 2010
C 4177
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