Orange Cameroon triples capital by increasing nominal value of shares
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Comments - Thursday, 02 April 2015 21:22
(Business in Cameroon) - The mobile phone service provider, Orange Cameroon recently increased its share capital, raising it from 15 billion FCFA to 46.8 billion FCFA, which is a 300% increase according to the legal notice. The increase was done partly by incorporating the revaluation differential and a part came from “free reserves”.
However, the main instrument used to achieve this increase in capital was by substantially increasing the value of the company’s shares.
The value rose from 10,000 FCFA to 31,200 FCFA – a 300% increase that corresponds to the overall capital increase.
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