Lukbut shoe factory to issue new shares
09/07/2001
The Warsaw stock exchange listed footwear producer Lukbut is reportedly planning to issue 100,000 to 624,000 shares on the open market.
The funds raised will go towards the repayment of company’s debts and also the creation of a new business-to-business footwear and leather portal on the internet. Analysts are however said to be sceptical about the success of the issue due to weight of the company’s huge debts, poor financial track record, as well as low investor interest in the Warsaw Stock Exchange.
Share this story:
