Thndr Claps » EGY Claps » Industrials 🏗 » FEMCO considering an IPO? 🤞
The ClapFEMCO is studying the possibility of listing 49% of the company on the EGX.The DeetsFEMCO is considering listing 49% of the company over the next two years in order to finance their expansion into new activities like real estate, education, sports, and hotels.However, to be listed in the EGX, they must begin increasing capital until they reach EGP 500 million. The current capital is EGP 10 million.Backup PlanAn alternative to listing in the stock market would be to enter a strategic partnership with investors.
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