EXCLUSIVE: HUNGARY: Magyar Suzuki plans capital increase of 62bn forints
Magyar Suzuki Rt (MS), a car factory in Hungary owned 88.87% by Suzuki Motor Corp, will hold an extraordinary shareholders meeting on 29 January 2001 to vote on increasing its share capital of 19.86bn forints by 62bn forints, the company told just-auto.com today. Suzuki wants the equity raise for MS to expand operations, repay debt and replenish its working capital, according to officials at the Hungarian plant.
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