July 9, 2020 |
Brazilian roofing tile manufacturer Eternit said on Wednesday it has approved a share sale as part of its ongoing judicial recovery process.
Eternit issued 19.9 million common shares worth BRL46.6 million ($8.7 million) and withdrew or cancelled 98.4 million common shares that were not subscribed or whose orders were withdrawn, the company said in a securities filing.
The manufacturer previously said it would use part of the proceeds to finance the production of solar tiles and to develop a subs
Roofing tile manufacturer earmarked part of the proceeds for investments in new products