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Nov 23, 2007 15:47 EEST
November 23 (SeeNews) - Romania's sole gas mask producer Romcarbon said on Friday its shareholders decided to move its stock from the over-the-counter market RASDAQ to the Bucharest Stock Exchange (BVB).
The company provided no further details.
Romcarbon's shares were suspended from trading on Tuesday for the shareholders meeting. The stock closed 6.15% up at 1.38 lei ($0.56/0.38 euro) on Monday.
The company reported a nine-month net profit of 3.2 million lei, down 22.9% on the year.
Romcarbon (www.romcarbon.com) was established in 1952 as the Plastic Processing Company Buzau. It changed its name to Romcarbon in 1991.
Romcarbon manufactures filters for the automotive industry, gas masks, polyethylene bags, PVC pipes, polypropylene bags and packaging foil. It is also one of the leading producers of polystyrene food containers, Romania's largest maker of filters and only producer of active charcoal.
Taiwanese company Living Plastic Industry is the largest single shareholder in Romcarbon with a 34.49% stake, RASDAQ data showed.
(1 euro = 3.6252 Romanian lei)
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