NABI reduces registered capital

NABI Rt. plans to reduce its registered capital from Ft 4.6 billion to Ft 518 million at the shareholders'' next general meeting, says András Bodor company director. As a result, face value of one share would drop from Ft 1,000 to Ft 89. NABI''s balance sheet of the year 2004, still under auditorial approval, reveals a decrease in shareholders'' equity to less than two-third of issued capital. But there is another option for the general meeting, namely an increse in registered capital, provided an agreement with financing banks can be concluded about it. (VG)