Fon, the producer of steel constructions, expects the decision from the financial supervision authorities KNF this week concerning a share issue. The GSM decided about it over a year ago. It is going to be a private and public offer worth over PLN 51m (EUR 15.1m).
“Shareholders were supposed to buy the shares on June 15th but KNF failed to approve the prospectus. Shareholders couldn’t acquire the shares. I get lots of questions from investors every day”, Jan Wyrebkowski, the company’s CEO said.
Funds are supposed to support development in the homebuilding and road building sector.
(PLN 1 = EUR 0.296)