Cairo – Mubasher: GMC Group for Industrial, Commercial and Financial Investments said Wednesday that its extraordinary general meeting (EGM) will discuss on 15 May an acquisition offer for a partial or the entire stake in GMC Engineering and Feeding Industries.
The EGM will also look into extending the company’s activity for 25 years, starting from 21 October 2017, according to a bourse statement.
The EGM was due to be held on 22 April and was postponed due to a lack of quorum.
The stock declined on Monday by 2.41% to EGP 0.81.
