Siauliu Stumbras to reduce capital
6 January 2005
Shareholders in the Siauliu Stumbras leather producer in Lithuania were scheduled to vote on a proposal to reduce the company's authorised capital at a meeting on December 28, according to the LETA news agency. The proposal has been prompted by the need to cover losses and by the fact that some of Siauliu Stumbras' assets have been assigned to the Siailiu Energija energy supplier. Siauliu Stumbras currently has an authorised capital worth 9.6 million euros.
