Following a decision of the District Court of Sliven a new issue was added to the agenda of the Decotex General Meeting of Shareholders appointed May 15, 2007.

Shareholders are to vote the approval to take a loan from the main shareholder Kappa Technology AD and Decotex in the amount of 5 mln dollars for a period of one year.

The annual interest will be 8% and its purpose is covering financial needs.

Shareholders are also to vote dividend distribution of 0.01 leva per share as well as capital increase with up to 4 mln leva.

Another issue for discussion at the general meeting is the issuance of a bonds emission worth up to 20 milion leva.

In March the company purchased property in the city of Sliven, Novo Selo area on an area of 77 612 sq.m. together with 6 unfinished buildings on it with a total built-up area of 8 196 sq.m. Decotex is intending to build a residential complex on it which the company will later sell.

The company reported 124 000 leva non-consolidated profit for 2007 first quarter compared with 72 000 leva a year ago.

3559 shares of the company changed hands yesterday at levels ranging between 3.25 and 3.40 leva/share.