150,000 rights from the initial capital increase of Globex Estate Fund REIT-Sofia will be offered at an auction on the BSE today.

Secondary trade with the rights will continue trough October 26, and the deadline for subscription of new shares is November 21. In the next couple of years the company will be investing the funds in holiday apartments near Sozopol and in an office and shops building in Sofia.

At a general meeting scheduled today, shareholders in Slancho AD Svishtiov will discuss a proposal for a secondary public offering, after which the company will become public. Majority shareholders in Slanchi are Bulimpex and Seercoop Gamza Holding, controlling 53.07% and 40% of the capital, respectively.

170,000 rights issued in the capital increase of City Development will be offered in a closed mixed auction on the stock exchange on Wednesday (October 17). The company is planning a capital increase from 500,000 leva (255,645 euros) to 2.2 mln leva (1.124 mln euros). Each right entitles to the subscription of 1 new share at a face and issue value of 10 leva.

Secondary trade with the rights will continue between October 17 and 30, and the deadline for subscription of shares from the capital increase is November 23, 2007. Wednesday is also the final date for subscribing shares issued in the capital increase procedures of Advance Equity Holding and Chimimport. The holding is increasing capital from 130 mln leva (66.467 mln euros) to 150 mln leva (76.693 mln euros) by issue of 20 mln new shares, while Advance Equity Holding is raising capital from 11.984 mln leva (6.127 mln euros) to 35.983 mln leva (18.397 mln euros).

The rights issued in the capital increase procedures of Sparky Eltos and BulLand Investments REIT will be floated on the bourse on October 18 (Thursay) and October 19 (Friday).

Sparky Eltos will increase capital from the current 14 mln leva (7.158 mln euros) to 16.8 mln leva (8.589 mln euros). The company issued 14 mln rights, five of which entitle to the subscription of 1 new share at a face value of 1 lev and issue value of 16 leva.

The auction for unused rights will be held November 9, and the final date for subscription of shares from the capital increase is November 26, 2007.

BulLand investments REIT will increase capital from 5.47 mln leva (2.796 mln euros) to 16.409 mln leva (8.389 mln euros), by issue of 5.47 mln rights, each of which entitles to the subscription of 2 new shares with a face value of 1 leva and issue value of 1.25 leva.

The general meeting of shareholders in Formolplast is also scheduled Friday. The company will increase capital from 223,465 leva (114,255 euros) to 3,798,905 leva (1.942 mln euros) by issue of 3,575,440 leva registered, non-privileged, paperless voting shares.

If the GM approves the proposal each shareholder shall receive 16 new shares for free.

Last week SOFIX dropped 0.29% to 1946.55 points, while BG40 lost 0.45% to 611.14.