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Humet board ask for mandate to raise capital up to HUF 650m

The board of Hungarian dietary supplement maker Humet will ask shareholders for a mandate to raise capital by up to HUF 650 million at an extraordinary general meeting on December 19, the agenda for the meeting shows.

The mandate, valid until December 31, 2010, would be for a capital raise through the issue of shares in a public subscription or a private placement. The fresh capital would be used for acquisition plans.

Existing shareholders would not have pre-emption rights for the new shares under the proposal. (MTI-ECONEWS)