The Board of Directors of "Aromet" Buzău called the General Extraordinary Assembly on July 22nd. Featured on the agenda is the approval of a 2 million Euros revolving credit line from "Eximbank", in order to finance the company"s day to day operations.
According to the notice to attend, the shareholders must decide on whether they would empower the Board of Directors to hypothecate and pledge assets of "Aromet", which exceed half of the book value of the company"s assets, in order to take out a loan of up to 300 million lei. Corina Toma, the representative of the company, explained: "This does not automatically mean we want to borrow 300 million lei this year. Empowering the Board of Directors is only intended to give the company the ability to borrow money faster, should the need arise. For now, we only have scheduled the credit line from Eximbank". The assets we can pledge are a land of almost of 28,000 sqm and the afferent buildings, located in the Balta Albă commune, county of Buzău, as well as a stock of merchandise and end products of "Aromet".
"Aromet" manufactures and distributes medium and small metallic structures, fire fighting equipment, subsystems for water treatment products, and also provides services of bottling gases with technological uses and maintenance/checkup of pressurized containers.
A.T. (Translated by Cosmin Ghidoveanu) The Board of Directors of "Aromet" Buzău called the General Extraordinary Assembly on July 22nd. Featured on the agenda is the approval of a 2 million Euros revolving credit line from "Eximbank", in order to finance the company"s day to day operations.
According to the notice to attend, the shareholders must decide on whether they would empower the Board of Directors to hypothecate and pledge assets of "Aromet", which exceed half of the book value of the company"s assets, in order to take out a loan of
