August 2 (SeeNews) - Montenegro's state-owned Investment and Development Fund [MNG:IRCG] said on Thursday it completed a 305,701 euro ($354,955) capital hike, subscribed by shareholders with pre-emption rights.
The fund issued 305,701 shares with a nominal value of 1 euro apiece, the Investment and Development Fund said in a filing with the Montenegro Stock Exchange.
After the completion of the transaction, the total capital of the fund amounts to 105.2 million euro, the total number of shares is 105,164,663 and the nominal value per share is 1 euro, the Investment and Development Fund said.
The core businesses of the fund is granting loans and extending guarantees and performing activities aimed at supporting economic development.
The Montenegrin government owns the entire capital of the fund.
($ = 0.861238 euro)