Hungary's NABI to cut capital, AGM may be delayed

Newswire

BUDAPEST, March 24 (Reuters) - Loss-making Hungarian bus maker NABI plans to reduce its registered capital at the next annual meeting (AGM) of its shareholders, the company's board of directors said on Thursday. "The reduction in book equity is due mainly to losses and a number of non-cash items, including the revaluation of certain key fixed assets and investments," they said in a statement published on the firm's www.nabi.hu Web site. The company did not disclose an estimate of the ...

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