Arago holds EGM
Monday, May 23, 2005, 00:00
Arago Investment Holding Rt has convened its extraordinary general meeting to be held on June 28, daily Napi Gazdaság reported. The EGM will amend the company constitution. Arago Real Estate Trade and Consulting Rt will also have an EGM on June 29, where the company?s restructuring will be decided.
Arago Investment Holding will pay a dividend despite the Ft 3,600 million loss last year. A total of Ft 331 million will be spent on this from the capital reserve, thus Ft 11 billion will remain in the reserve and the company?s own capital will be Ft 26 billion after paying the dividend.
According to the latest general assembly report, 2004 was a year of closing positions for Arago. The company sold its stake in BSE and Budapest Commodities Exchange and prepared for the sale of its Pick shares.