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iHunt Technology Import Export Ploiesti, an exclusive manufacturer of mobile phones operating and importing, will be listed on the Aero stock exchange of the Bucharest Stock Exchange by the end of the month, with a 10% exchange rate. . 25% of the company's capital. The money attracted by the operation will support the development of the electronic product line under the iHunt brand.
Before being featured here, the information had been announced well before on Profit Insider
"We are in a straight line and we will be listed by the end of the month." We want to go public with an initial stake of 10%. Cezar Cătălin Stroe, shareholder with a capital of 99.5% of the capital of the company and general manager of the company, told Profit.ro.
The rest of the shares belong to Liviu Corneliu Stroe, according to www.termene.ro.
The operation was announced by Profit.ro in February as ready.
Listing will be through the Goldring broker and, in an optimistic scenario, iHunt could acquire a capitalization of 38 million lei. In the pessimistic version, the amount will reach 17 million lei.
The iHunt Import Export Ploiesti technology was created in 2015 and focuses on retailing via control rooms or the Internet. The company runs the online shop www.ihunt.ro.
During the first part of December 2018, the partners of the company decided to transform the legal form of the limited liability company (LLC) into a corporation (JSC).
"The share capital of iHunt Technology Import-Export SA, of an amount of RON 1,410,000, fully paid up and constituted in cash, will be divided into 14,100,000 ordinary, registered, indivisible shares of equal value, issued under a dematerialized form, with a nominal value of 0.1 lei / share (…) The shares are issued in dematerialized form and, after having been admitted to trading on one of the markets administered by the Stock Exchange. In Bucharest, they will be traded on this market in accordance with the provisions of the law applicable to the capital market and other regulations that affect it. "In accordance with a decision of the shareholders of December 13, 2018.
The company's business reached 24.7 million lei in 2018, compared to 24.1 million lei in 2017 and 13.1 million lei in 2016. In contrast, net income dropped in 2018 to 482,339 lei. against 2.14 million lei the previous year.
For this year and 2020, Stroe wants to enter iHunt on the European markets, supported by an investment made in 2018.
iHunt will be the first online store and electronic brand listed on the Bucharest Stock Exchange in the Aero market. The trading symbol will be HUNT.
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