The company of the Ostrava businessman Jan Světlík generated revenues of 164.7 million crowns last year, company spokeswoman Eva Kijonková informed. A year earlier, the company’s revenues amounted to 336.3 million crowns. According to her, the result was mainly the dissolution of part of the provisions, which it created due to guarantees for companies in the group.
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In recent years, the company has struggled with the insolvency of some of its subsidiaries. The former engineering holding company has undergone a fundamental change, now it deals mainly with development projects, property management or IT.
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There was no capital increase
However, the General Meeting did not decide on the intention of the Board of Directors to release part of the old liabilities from the liability for loans to subsidiaries by subscribing new shares. The proposed operation was discussed by shareholders until late Monday evening, until the representative of the main shareholder abstained, so the capital increase was not approved in the end.
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KKCG Industry called it a victory for small shareholders, according to which it was “another attempt to tunnel the company”. KKCG owns about a tenth of the company.
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“During the General Meeting, it became clear that Vítkovice as had extensive assets and did not need any new capital. This resulted directly from the statement of the company’s board of directors. This and other findings proved that the proposal to subscribe for new shares is purposeful, and at the same time confirmed the correctness of the procedure of existing shareholders who sought to prevent subscription due to the need for financial stabilization of the company, “said KKCG Industry spokeswoman Dana Dvořáková.
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