Medical Packaging Company (CASE:MEPA) announced a private placement of 64,000,000 common shares of par value EGP 1 each for gross proceeds of EGP 64,000,000 on May 15, 2018. The company reported issuance expenses of EGP 0.02 per share amounting to EGP 1,280,000 for the transaction. Post the closing of the transaction, the issued and paid capital of the company will increase from EGP 64,000,000 to EGP 128,000,000. The shares will be issued at par. The transaction has been approved by the board of directors of the company.