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Rigas Elektromasinbuves Rupnica AS Announces Proposal to Merge with Subsidiary; Announces Proposal to Increase Capital of Subsidiary JSC Latvo

Monday, 17 Dec 2012 01:51am EST 

Rigas Elektromasinbuves Rupnica AS announced that it has decided, at its Extraordinary Shareholders Meeting on December 14, 2012, to reorganize its subsidiary SIA LatTransKomplekt. The reorganization is to be performed by merging SIA LatTransKomplekt into Rigas Elektromasinbuves Rupnica AS. Rigas Elektromasinbuves Rupnica AS also announced that it has decided, at the same meeting, to increase the share capital of its subsidiary JSC Latvo, through the issuance of 3,865,000 new shares of JSC Latvo at the amount of LVL 3,865,000. 

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