Podgorica, (MINA-BUSINESS) – The trading in shares of the Railway Infrastructure Company (ZICG) will be suspended today because it was decided at a shareholders’ meeting that the company would cover its accumulated loss by canceling a proportionate number of shares.
The Montenegro Stock Exchange says in a press release that the company requested the suspension of trading in its shares because of this decision.
“The trading in the ZICG shares will be blocked as of today, until the planned corporate activities have been completed,” the Stock Exchange says.
The ZICG shareholders were expected to adopt a decision on covering the company’s accumulated loss on Thursday.
A decision on reducing the company’s fixed assets in order to cover the accumulated loss is also on the agenda of the extraordinary shareholders’ meeting.
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