OSIJEK, Oct 12 (Hina) - During its extra-ordinary session on Thursday, the assembly of share-holders in the media centre 'Glas Slavonije' decided to lessen the company's stock capital to cover losses incurred in past years. The
capital will be reduced by nine million and 731,100 kuna to 19.46 million kuna. In addition, the nominal value of the shares was cut from 300 to 200 kuna. Losses of the company which publishes a regional daily "Glas Slavonije" totalled 2.4 million kuna in 1998 and 4.6 million in 1999.(One US dollar is 8.5 kuna)(hina) jn ms
OSIJEK, Oct 12 (Hina) - During its extra-ordinary session on
Thursday, the assembly of share-holders in the media centre 'Glas
Slavonije' decided to lessen the company's stock capital to cover
losses incurred in past years.
The capital will be reduced by nine million and 731,100 kuna to
19.46 million kuna.
In addition, the nominal value of the shares was cut from 300 to 200
kuna.
Losses of the company which publishes a regional daily "Glas
Slavonije" totalled 2.4 million kuna in 1998 and 4.6 million in
1999.
(One US dollar is 8.5 kuna)
(hina) jn ms