EGYtrans to raise subsidiary's capital to $1.5mln
Egypt - Egyptian Transport and Commercial Services Company's (EGYtrans) board agreed to increase EGYtrans Automotive Solutions' capital to $1.5 million from $200,000, according to a bourse disclosure.
The board members greenlighted the transaction during their meeting that was held on February 23rd, 2025.
EGYtrans Automotive Solutions is a 99.99%-owned subsidiary of EGYtrans.
Established in 1973, the company is engaged in the provision of transport and logistics solutions in Egypt.
The company offers a range of services including sea freight, air freight, consolidation, warehousing, exhibitions, and project logistics and specialized transport. Other services include customs clearance, packing, and land transportation.
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