The Clap
Packtec are studying the possibility of being listed on the Nile Stock Exchange.
The Deets
In order to finance their expansion, they are considering listing the company on the stock exchange to raise EGP 300 million to invest in a new factory for carton.
The funding is to be divided into EGP 50 million for the land and EGP 250 million for the equipment, production lines, and buildings.
When are they planning?
While they are still studying the idea of being listed on the stock exchange, they intend to wait until the stock exchange conditions improve.
Packtec setting up for a potential IPO 👀
