February 13 (SeeNews) - Bulgaria's Remix Global, which operates online second-hand clothes store Remixshop, said Dutch-based AMC III Clothing plans to increase its stake in the company by subscribing for all 154,506 shares that will be offered in an upcoming capital increase.
Remix Global intends to hike its capital by 154,506 levs ($89,000/79,000 euro) to 4,377,500 levs, the company said in an invitation for a shareholders meeting last week.
The extraordinary shareholders meeting is scheduled for March 11.
The 154,506 newly-issued shares will represent a 3.53% stake in Remix Global, according to SeeNews calculations.
AMC III Clothing held a stake of 6.5% in the company at the end of 2017, according to the most recent data available from the commercial register.
Remix Global's net loss widened to 13.9 million levs in 2017 from 1.6 million levs the year before. However, the company managed to boost its sales revenue to 34.8 million levs in 2017 from 7.5 million levs in 2016.
Remix Global offers its services in nine countries - Austria, Bulgaria, Czechia, Germany, Greece, Hungary, Poland, Romania and Slovenia. The company, which has a logistics centre in Sofia, employs over 600 people.
(1 euro = 1.95583 levs)