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SNG - Singulus Technologies AG News Story

€5.02 0.0  0.8%

Last Trade - 07/05/21

Micro Cap
Market Cap £38.9m
Enterprise Value £49.4m
Revenue £34.0m
Position in Universe 856th / 1050

BRIEF-Singulus Technologies implements capital increase, specifies FY sales forecast

Tue 20th September, 2016 6:31am
Sept 20 (Reuters) - Singulus Technologies AG  SNGGk.DE : 
    * Announced on Monday the implementation of a subscription 
right capital increase and fixes the subscription right at 3.25 
euros ($3.63) per new share 
    * In the course of a subscription right capital increase 
will offer up to 2.0 million new shares 
    * Shares will be offered to shareholders with a subscription 
ratio of 3 to 1 
    * Subscription period will probably start on Sept. 22 and 
will last until Oct. 5  
    * Specifies sales forecast for current and following 
business year and expects sales in a range of around 68 million 
euros to 78 million euros in the current business year 
    * Due to the delayed orders from subsidiaries of Chinese 
state-owned enterprise CNBM, large part of sales and profits for 
these orders will only be realized in the business year 2017 
    * For the fiscal year 2017, issuer expects continuing 
favorable trend of demand for machinery for production of solar 
    * In this case, according to company's assessment, this 
increase could result in a doubling of sales level achieved in 
business year 2016 
 Source text for Eikon:*:nEQ9vlDpLa 
 Further company coverage:  SNGGk.DE   
($1 = 0.8950 euros) 
 (Gdynia Newsroom) 
 ((; +48 58 772 0920;))
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