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GCG Capital Approves Financial Statements of Beity Ltd.

In a meeting held in June, 2020, the board of GCG Capital approved the financial statements of Beity Ltd. The statements were certified using a Chartered Accounting firm Raffingers LLP. The financial statements showed that Beity Ltd yielded more than four million British pounds in its accounts. Thus, GCG Capital approved all the financial statements …

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GCG Capital LLC appoints COO for its new company, CyproAir

The Chairman of the Board, Dr. Rashad Naqawah, with the approval of the board, recently appointed a new Chief Operating Officer for CyproAir Limited. Mr. Suresh Kumar will be the new COO for the new venture and will manage operations of CyproAir Limited. The Head of the Legal department, Mr. Carlos Rodriguez-del Valle, will approve …

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GCG Public Plans to Expand in European Market by Solar Energy Production in Seville, Spain

Suburbs of Seville in Spain are well known for solar energy production. The area came under headlines after PS10 Solar Power Plant. It was the world’s first commercial solar power tower. The core reason is that Seville receives the best sunlight in the region. In March 2019, the board of GCG Capital started a discussion …

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GCG Capital Approved A Fund Of $290 Million for Acquisition

GCG Capital has excessive funds available that it uses to approve mergers and acquisitions. In Sept 2018, the board approved a fund of $290 million. The basic purpose for the fund approval was to allow its subsidiary to expansion. GCG Capital allocated this fund to its subsidiary company, GNZ Energy, which will use this fund …

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GCG Board Accepted 24 million Euros acquisition for Beity Limited Acquisition

In the fall of 2017, the board of GCG approved the acquisition for Beity Limited. The acquisition took place in November 2017 against a sim of 24 million Euros. The acquisition took place in Zaragoza, Spain. It was a merger of a flour mill that has a production capacity of around 450 tons per day. …

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