EnglishShareholders in the hotel company Palace - Sinaia (RASDAQ:PACY) will convene on 30 June to discuss the establishment of a wholly owned subsidiary. If the motion carries, Palace will use the assets of Palace Hotel and Caraiman Hotel to form the share capital of the new company, as per an announcement sent to RASDAQ. The shareholders will also discuss ways to ensure the financing needed to complement EU structural funds allocated for the modernization and expansion of the hotels. Palace has a share capital of 3.78 million RON divided into 37.8 million shares with a face value of 0.1 RON. The leading shareholders are Venta Invest with 33.24%, Broadhurst Investments Ltd with 21.39%, Fondul Proprietatea with 15.43% and Angela Cozma with 12.35%.
Palace - Sinaia To Set Up A Wholly Owned Subsidiary
F.A.
Ziarul BURSA #English Section / 17 iunie 2008
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