August 28 (SeeNews) - Bulgarian diversified group TK Hold [BUL:T24] said on Wednesday that it has expanded its stakes in two of its subsidiaries, rubber products manufacturer Kaumet and technical textile producer Technotex, to 90.66% and 90.56%, respectively.
TK-Hold has subscribed for 531,978 shares in Kaumet and 576,399 shares in Technotex, which have succesfully increased their capital via new share issues, TK-Hold said in a bourse filing.
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Kaumet has grown its capital to 709,304 levs ($402,222/362,661 euro) from 177,326 levs after offering shares for subscription at a price of 1 lev apiece, while Technotex increased its capital to 768,512 levs from 192,133 levs after issuing shares at a price of 1 lev each, according to data published in the Bulgarian commercial register.
TK-Hold's shares last traded on the Bulgarian Stock Exchange on Friday when they closed unchanged at 1.60 levs
(1 euro = 1.95583 levs)