February 23 (SeeNews) - Bosnia and Herzegovina-based heat exchanger maker Soko IPV said its shareholders approved a plan to decrease the company's equity capital to 108,338 marka ($58,666/55,392 euro) from 921,268 marka to cover accumulated losses.
The capital decrease will be carried out by reducing the nominal value of Soko IPV's shares to 2.56 marka from 21.8 marka, Soko IPV said in a bourse filing on Wednesday.
Soko IPV's capital is divided into 42,260 shares, bourse data shows.
The company had accumulated losses of 812,930 marka as of the end of 2021.
Soko IPV was founded on 1978. Since then it has been manufacturing lamellar copper-aluminium heat exchangers for devices used in heating, air conditioning and cooling techniques.
(1 euro = 1.95583 marka)