Tchaikapharma High Quality Medicines Announces $7 Million Dividends

Bulgaria’s Tchaikapharma High Quality Medicines [BUL:7TH] said on Monday that its shareholders have approved a proposal to increase the company’s capital by 10 million levs () using part of the its net profit in 2018.

Tchaikapharma will distribute the newly-issued shares proportionally to the stakes of existing shareholders, the company said in a bouse filing.

The shareholders approved the proposal at a general meeting held on Monday.

Following the increase, Tchaikapharma’s registered capital will amount to 82.2 million levs.

Tchaikapharma’s shares last traded on the Bulgarian Stock Exchange at a price of 9.55 levs each.

Tchaikapharma’s portfolio includes over 150 pharmaceutical products.

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