Egyptian manufacturer of small-sized glass drug containers, Advanced Pharmaceutical Packaging Co., saw its stock rise as much as 10% after announcing a private placement of its shares.
The stock clim…
Egyptian manufacturer of small-sized glass drug containers, Advanced Pharmaceutical Packaging Co., saw its stock rise as much as 10% after announcing a private placement of its shares. The stock climbed to EGP 23 on the Egyptian Exchange on 27 June, with shares trading at EGP 20.95 pounds in Cairo, giving the company a market value of EGP 71.2 million pounds (USD 12.5 million). Advanced Pharmaceutical Packaging, a family owned company since its founding in 1995, plans to expand in Eastern Europe and the Middle East, its main export markets.