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Friday, November 26, 2010

News on board

MICEX- Farmsintez sold the entire amount of share offered to investors in IPO for innovations and investments.
The share price, determined by the issuer, amounted to 24 rubles. In the framework of the IPO investors bought 22 million shares of additional issue or 30% of the share capital of Farmsintez. Thus, in the course of its IPO, Farmsintez raised 528 million rubles and its market capitalization on the day of placement of shares amounted to 1,716 million rubles. All funds raised in the IPO will be used for the implementation of Farmsintez Company’s investment program, which includes the construction of a new factory of officinal medicines in the Leningrad Region, the completion of clinical trials of drugs in Europe for the purpose of bringing them to European and US markets, the acquisition of industrial and research companies abroad and expansion into Russia’s regions and the CIS countries. The plans of Farmsintez include bringing its securities to NASDAQ stock exchange, the terms of admission to trading on which are among the toughest in the world.

1 comment:

Anonymous said...

Minutes ago heard the information about Andy Petite. I'm so angry at this moment. I'm a life lengthy Yankees fan and am not feeling too great about their possibilities in 2011.