OREANDA-NEWS  On 10 December was announced, that the shareholders of Lutsk car plant (LUAZ), which is part of Bohdan corporation, at their extraordinary meeting on December 5 approved the results of subscription for additional issue of shares and increased statutory fund by UAH 249.723 million to UAH 1,081.723 million. Press service of the enterprise announced this in a statement. According to the statement, the shareholders approved the subscription for 998.892 million shares with the face value of UAH 0.25 per share. "Thus, the capitalization of all the business assets of the enterprise based on Bohdan car plant (LuAZ) is almost completed," the statement reads. According to Andrii Zinchak, head of Bohdan directorate for securities and corporate management, the shares were placed at a price of UAH 0.85 per share. The shareholders of the LuAZ car plant at their meeting on September 1 decided to increase statutory fund by UAH 275 million to UAH 1,107 million via additional issue of share. The statutory fund was increased in the frames of consolidation of production assets of the corporation under Lutsk car plant open joint-stock company. In October 2006, Lutsk car plant increased the statutory fund by UAH 648 million up to UAH 832 million, via the additional issue of shares. LuAZ ended 2007 with net profits of UAH 372.853 million having increased net revenues by 94.23% or UAH 2,004.136 million to UAH 4,130.928 million, as compared to 2006. LuAZ enters the Bohdan corporation, which is a founder of Ukrprominvest Group corporation.