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Article: Masisa Successfully Completes Preemptive Rights Offering.
- Article from:
- PR Newswire
- Article date:
- January 10, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Company Successfully Completed the Preemptive Rights Offering Period With a High Level Of Shareholder Subscriptions
The Proceeds of the Offering Will Be Used to Finance Future Investment Projects, Such as the MDF Plant in Chile With an Annual Capacity of 340,000 m3, Already Approved by the Board of Directors
SANTIAGO, Chile, Jan. 10 /PRNewswire-FirstCall/ -- Masisa S.A. ("Masisa" or "the Company") announced today that its capital increase preemptive option period was successfully completed, with total proceeds of approximately US$120 million.
The first phase, which was completed on December 7, 2005, yielded proceeds of US$75 million. Of ...