According to “The Marker News” report - Golan Plastic Products has successfully accomplished stock issued for the public market on the Israeli stock market.
The tender in the institutional and the private fields – was closed in great demands, with a total gross of NIS 58 million.
Golan offered the investors 2.5 million in stocks, 1 million in options and 30 million in debentures.
The company’s value, after the issuing, stands on about NIS 160 million.
Due to the high demand, each buyer will get only 40%-45% of their orders.
The wide orders distribution shows a large public involvement which is very important and stands on a few hundred.
The COE of Golan, Mr. Shaul Ashkenazi, has expressed his satisfaction to this successful issue.
The company can be aided by the Euro value that has become stronger compared to the Israeli Shekel by 7%, in the last quarter.