Benefon to launch directed share issue.(Brief Article)

From: Nordic Business Report | Date: March 4, 2002 | Copyright information

NORDIC BUSINESS REPORT-4 March 2002-Benefon to launch directed share issue (C)1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com

The board of directors of the Finnish mobile telematics instruments developer Benefon has decided to launch a major new share issue, designed to bring in sufficient funds to give the company a solid financial position.

With the initiative, which has been planned since last year, the company hopes to collect between EUR10-20m by offe...